HSAs
Do your employees ever comment about how they don't get the most out of their health benefits? Often, your employees may only need coverage for one or two medical services and can quickly use up their benefits.
Health spending accounts (HSA), sometimes referred to as healthcare spending accounts, are highly efficient for allowing your company to cover your employees' medical costs without encumbering the employee with a taxable benefit. HSA's provide cost certainty, as your company is allowed to set the limits of the amount that each employee is entitled to submit through their account. It is important to note that all members of a similarly defined class within the company need to be treated equally.
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