HSA Business Solutions

Search for a stronger Employee Benefits Package is hampered by health insurance premiums that continue to rise year after year. Fortunately, there is a better way. We have the employee benefit solution you've been looking for! Health Savings Accounts (HSA) give you and your employees the opportunity to save money and gain more control over future expenses.

Employees are used to health insurance plans where the true cost of health care services is hidden. If a visit to the doctor only costs $20 out of pocket, there is little concern whether the visit is really necessary. However, an HSA, with its higher deductibles and no co-pays, encourages more thoughtful use of health care services.

When you move from a typical health care plan to a high deductible HSA plan, you may save up to 50% on health insurance premiums. Plus, when your employees pay for their benefit premiums and make HSA contributions before taxes are computed, you decrease your payroll and FICA tax obligations.

What's in it for You as an Employer?

• Lower insurance premiums

• Lower payroll and FICA taxes

• Increased employee morale

  HSA Administration is Made Easy Because We Handle Your Administration!

• We certify that the health insurance plan you are offering your employees is HSA compatible.

• We provide contribution management, reducing the exposure of over contribution.

• We provide certification of medical expenses to ensure tax free distribution status.

• We provide access to the Claims Vault, an electronic "shoe box" where your employees can store their receipts indefinitely. Expenses incurred today can be reimbursed decades later, ensuring that your employees do not miss out on the tax advantaged benefits of the HSA.

• We provide online access to HSA account information for secure and self service account transactions.

• We are an independent administrator, so you can change insurance plans without changing your HSA administrator or HSA custodian.

An HSA is a tax free savings account that your employees use to save money and pay for qualified health care expenses with tax free dollars. Plus, unused funds roll over from year to year and continue to earn interest tax free, increasing the benefit of today's savings. Save money by adding Health Savings Accounts as an employee benefit option.

• Employer Brochure
• Employee Brochure
• Employer Contribution Worksheet
• Cafeteria Premium Conversion
• Group Administrator Change Form
• HSA Insider - Ten Common Mistakes

• Employees sign up for a qualified High Deductible Health Plan (HDHP), giving you lower insurance premiums.
• Next your employees open a Health Savings Account (HSA) with a qualified Custodian, where they make tax free contributions to this account.
• Employees then withdraw money when they need it and for qualified medical expenses, and it's tax free!

13700 Watertower Circle, Suite D
Plymouth, MN  55441
Phone: 763.383.4860
Fax: 763.383.4880