At Health Savings Administrators you have access to 22 Vanguard Funds - and unlike some of the competition, there is no required checking account.
We make it easy to reach a live person when you call. We pride ourselves on superior customer service and we staff our call centers with experienced, friendly and educated people.....just like you!
Benefits - Why Health Savings Administrators
Health Savings Administrators has the tools you need to make the implementation of your Health Savings Account program a success.
Health Savings Accounts offer you a way to control your health care costs. By offering your employees an HSA, both you and your employees benefit. Employees receive a health care plan that allows them to save for future health care needs and realize tax savings in the process. You reduce your health care premiums and take control of your health care expenses.
There are also tax advantages. Employer contributions to an employee’s HSA are excluded from the employee’s gross income, and are not subject to FICA or FUTA.
Many of the benefits of choosing a Health Savings Account over a traditional health insurance plan can directly affect the bottom line of an employer’s benefit budget. For instance:
- Health Savings Accounts are dependent on a high deductible insurance policy, which lowers the premiums of the employee’s plan.
- All contributions to the Health Savings Account are pre-tax, lowering the gross payroll and reducing the amount of taxes the employer must pay.
As an added benefit to employees or an incentive to elect a Health Savings Account over a traditional insurance plan, employers may contribute to employees Health Savings Accounts.