A health savings account plan can give you coverage much like traditional health insurance, but it can also save you money.
HSA account plans seem to have avoided the big rate hikes seen in other health plans. Individuals can also deduct money deposited in your HSA from your taxable income to reduce your tax bill. Additionally, health savings account money that you don’t use for health or dental care can grow with tax-free earnings to build up your savings for retirement.
Employers know that on average, more than $6,000 per year is spent on health insurance for each employee. Health savings account programs are allowing thousands of employers to provide their employees coverage they wouldn’t be able to otherwise afford. HSAs are gaining popularity as employers push their employees to be more active with their health insurance plans.
At Bridgeport, we can help your business provide health insurance to employees. Contact us right away to find out if a health savings account plan is right for your business.