Health Savings Account
Offer healthcare with lower premiums
A Health Savings Account/High-Deductible Health Plan (HSA/HDHP) is an option that lets employees set aside pre-tax income in an investment account to pay future medical expenses.
An HSA/HDHP plan is a good way to offer healthy employees medical coverage at lower cost. An HSA enables the participant to withdraw from his or her investment account to pay for allowable medical expenses, and the HDHP pays for basic preventative care, but requires a very high deductible for all other care.
A health savings account may be a good choice for small businesses with relatively young staff.
Please ask your Optimum Outsourcing account manager for more information on the HSA/HDHP plan.