Business Health Savings Accounts
Managing healthcare costs is more difficult and more expensive every year. If you currently offer a High Deductible Healthcare Plan (HDHP), then offering Health Savings Accounts to your employees, could help you save money, reduce taxes*, and improve employee retention
Tax Savings
Your contributions to employee Health Savings Accounts are not reported as employee income, so you don’t pay FICA.
Employee Tax Savings
Employees save taxes on their qualified medical expenses, and if qualified, any additional savings contributions they make are deducted pre-tax, so you save even more on your FICA obligation.
Improve Employee Retention
Offering this benefit to employees offsets the high deductible, saving them money and giving them more control over their medical expenses.
