Health Savings Accounts

Employers are looking to consumer-driven health plans.  These plans typically include Health Reimbursement Arrangements (HRAs), Flexible Spending Accounts (FSAs), and most recently, Health Savings Accounts (HSAs). Some plans allow employees to use these accounts to pay for medical expenses that are not covered by insurance, while others provide employees with a fixed dollar amount with which they can purchase healthcare services or a health insurance policy on the open market.

Some HSAs advantages:

• Greater individual control over health care dollars;
• Increased consumer decision-making, potentially leading to healthier lifestyle;
• Incentives for individuals to save for health care expenses they will encounter in retirement; and
• Healthcare premium savings for both employers and employees.

We will work with you to help implement a plan that is valuable and affordable for your employees, while at the same time effective and manageable for you.