Why offer a Health Savings. HSA Bank is your partner. Tax advantages - contributions and distributions for eligible expenses are. Funds can be invested an ROI for the participant.
There are no time constraints for spending the funds. If you can afford to pay out of pocket for your medical expenses each year, you can still make the maximum contribution to your HSA and build up the account for use in the future. Each employee will receive a Card that they can use for easy payment of qualified medical expenses at the point of service. How much you should contribute to your HSA depends on your personal financial situation. Once the insured party has met the out-of-pocket maximum, the insurance company must cover the rest.
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