How do I explain a Business HSA to my employees?

Your employees may not understand the benefits of BusinessHSA or the differences between BusinessHSA and traditional group health insurance. Here are a few key point to communicate.

• The Business HSA allows employees the freedom to apply for the health insurance plan that best suits their needs and budget.


• Through employer contributions to an employee's Health Savings Account, a Business HSA empowers employees to manage their own healthcare dollars.


• While an HSA-compatible health insurance plan will require the employee to fulfill an annual deductible before coverage kicks in, expenses paid toward the deductible may be paid out of the employee's Health Savings Account, and leftover funds may be saved and grow from year to year. In case of a serious injury or accident, the HSA-compatible health plan will be there to cover medical bills beyond the deductible.


• By participating in a BusinessHSA program, employees can find affordable HSA-compatible health insurance plans and have the option to save money for the future through a tax-advantaged savings account.