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.
โHSAs 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 consumersโฆโ
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.