An Added Benefit For Employers
Too often, people face unexpected healthcare expenses that eat into their savings. For business owners, this means your employees could face hardship. Even if you offer a high-deductible healthcare plan for your employees, there are still out-of-pocket expenses to pay before their deductible is met. That’s where offering your employees a health savings account (HSA) can be a valuable option. To learn more about how HSAs can serve as a valuable benefit and recruitment tool for your business, please contact our business banking team.
Health Savings Account Benefits for Employers
Health savings accounts are a great option to improve employee recruitment and retention. Key benefits to HSAs for employers include:
- Require very little administrative maintenance
- Contributions are tax-free
- Lower costs with reduced insurance premiums
