A tax-advantaged savings account that helps you pay for qualified medical expenses. HSAs offer triple tax benefits—tax-deductible contributions, tax-free growth, and tax-free withdrawals—making healthcare more affordable and flexible.
Flexible, Tax-Advantaged Benefits That Help Your Employees Plan, Save And Stay Prepared.
Today’s employees are looking for more than just basic health insurance. They want benefits that offer control, flexibility, and long-term value. A Health Savings Account (HSA) is a great way for employers to help their employees. HSAs let employees manage medical costs, save for future healthcare needs, and build financial security. With healthcare costs rising nationwide, HSAs are now a key part of the benefits package.
What Is a Health Savings Account (HSA)?
An HSA is a special savings account for employees with a High-Deductible Health Plan (HDHP). Employees can use HSA funds to pay for qualified medical expenses like doctor visits, prescriptions, dental care, vision services and more.
Employees own their HSAs, so the money stays with them even if they change jobs or retire. Both employers and employees can contribute to the account, making it a flexible way to save for healthcare year-round.
Key Benefits of Offering an HSA
Triple Tax Advantage
HSAs provide some of the best tax benefits available in employee benefits:
Contributions are tax-deductible.
Earnings grow tax-free.
Withdrawals for qualified expenses are tax-free.
This makes HSAs a powerful long-term savings tool for healthcare costs.
Employees Keep Their Account for Life
Unlike other benefit accounts, an HSA belongs to the employee. The funds roll over every year with no expiration and the account stays with them even if they switch jobs or retire.
Helps Employees Prepare for Future Healthcare Costs
Healthcare expenses tend to rise with age. With an HSA, employees can build savings now that they can use later in life, especially during retirement when medical costs are often higher.
Encourages Smarter Healthcare Decisions
Employees with HSAs tend to make more informed choices about their care because they’re aware of how their healthcare dollars are being spent. This can lead to better financial planning and more responsible healthcare usage.
Reduces Employer Healthcare Costs
Since HSAs are paired with high-deductible plans, employers can often reduce insurance premiums while still giving employees a valuable benefit. Many companies use the savings to contribute to employee HSAs, creating a win-win.
Flexible Employer Contribution Options
Businesses can choose how much they contribute, such as monthly or annually, or not at all. This flexibility makes HSAs ideal for companies of all sizes, from small startups to large organizations.
Supports Employee Recruitment and Retention
A strong benefits package is one of the biggest reasons top talent chooses a company. Offering an HSA shows employees you care about their long-term financial and physical well-being.
Health Savings Accounts are more than just a benefit; they are a long-term financial tool that helps employees feel prepared, supported, and confident about their healthcare decisions. By offering an HSA as part of your group benefits program, you give your team a meaningful advantage today and a valuable resource for tomorrow. At Marc Spiro & Company, we work closely with employers to create HSA programs that fit their workforce, budget and long-term goals. If you want to build a smarter, more attractive benefits package, we’re here to help you every step of the way.
