Employers and Health Savings Accounts
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.
Please contact us if you have questions.
Additional Resources
