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Benefits 101: What to know about HSAs as open enrollment approaches

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We were recently featured in an article on Employee Benefits News discussing what to know about Health Savings Accounts. Health Savings Accounts (HSAs) can be a critical benefit that supports employeesโ€™ physical and financial well-being โ€” and more employers are focused on not letting these tools fall through the cracks during Open Enrollment.

โ€œHSAs create a level of certainty in a very uncertain world, and put individual employees more in control. HSAs have the ability to make employees more informed consumersโ€ฆโ€

Becky Seefeldt, Vice President of Strategy at Benefit Resource

These accounts provide employees with a triple-tax advantage: they can make contributions on a pre-tax basis, the savings will grow free of taxes over time, and tax-free withdrawals can cover qualified medical expenses.