HSA Account Administration
Health Savings Accounts provide employees with an opportunity to manage their own health care expenses, controlling for themselves and their employer. For example, an HSA encourages consumer discretion and greater scrutiny over selection of services. An HSA allows for employer and employee contributions, and when offered with a high-deductible health plan, can result in tax dollar savings. And employees can keep unused funds for use in future years.
Benefit highlights include:
- Allows employees to reduce premiums with high deductible health plans
- Provides flexibility in the selection of health care providers
- Encourage participants to more actively plan for their health care needs
- Creates more educated and aware health care consumers