Healthcare - HSA

Health Savings Account (HSA)

  • Must be covered by High Deductible Health Plan. Employer and Employee can contribute to the account.
  • Expenses include out of pocket medical, dental and vision expenses along with Medicare or COBRA premiums.


Participant Benefits

  • Retain all HSA funds until ready to use with unlimited rollover limits.
  • Deductions are pre-tax reducing total taxable income.
  • Funds can be invested and there are no taxes on invested funds or when withdrawn.
  • Improves financial & mental wellbeing.

Employer Benefits

  • Employer contributions are tax deductible.
  • Reduced FICA taxes.
  • Improves recruiting, retention and engagement.