Save on your company’s healthcare cost with HSAs.
How can I do that?
You can save on healthcare costs by pairing lower cost Qualified High-Deductible Health Plans (QHDHPs), with a Health Savings Account (HSA).
In addition, HSAs can lower your payroll taxes. The more your employees participate and contribute, the greater your tax savings.
How much can my business save?
The savings can be significant, but every business is different. We offer a free health-cost check-up that can estimate what your annual savings can be.
Will my employees like it?
Education is the key. The better they understand the benefits, the better they like it. HSAs are very popular and recommended by organizations like NerdWallet and Clark Howard.
HSAs are triple-tax advantaged.
- Money goes in tax-free.
- Earn interest and dividends tax-free.
- Money comes out tax-free for qualified expenses.
Also, unlike FSAs, HSA funds carry over from year to year; there is no use-it-or-lose-it rule. Your funds are owned by you and stay with you, even if you leave your current employer.
How can my business qualify?
Your business needs to offer a QHDHP that follows IRS guidelines.
Can my employees invest their savings like a 401K?
Yes, any amount over the minimum $3000 balance can be invested (transfer has to be at least $100) investments are self-directed and can grow tax-free just like a traditional 401K. A few clicks of the mouse and you can move monies back and forth as needed between HSA checking account and the investment account.
Two great HSA options
You have choices. Feature-loaded HSA Plus or HSA Basic. Both are HSAs that deliver tax savings value.
Do you need help?
If so, we offer a free health cost check-up specifically for your business.I want to save on my company’s health care cost