Increased Employee Satisfaction
Empowering employees with the option to save on their taxes (while giving them more purchasing power) may translate to increased employee satisfaction and less turnover. Any time employees feel in control of their health care costs it’s a win.
Long Term Savings Options
Employee earnings on invested HSA contributions are tax-free, which means the account works like a medical IRA or 401(k). However, it differs from these accounts because the funds are never taxed if they are used for qualified expenses. This could benefit employees with their long-term retirement goals as the account doesn’t expire nor does it have limitations on dates of use.
There are many benefits to offering Health Savings Accounts to your employees. Not only will it be beneficial for you as the business owner, but your employee will reap benefits as well. If you want to know more about HSA options for your workplace, Flexible Benefits, Inc. is here to help you. Give us a call today and let us show you what using this great benefit can do for you and your staff. Contact us at (251) 237-1115 or toll-free at 1-888-821-9007.