High Deductible Health Plans + Health Savings Accounts
Putting the Healthcare Pieces Together
Over the last few years, small businesses have increasingly turned to tax-advantaged High Deductible Health Plans (HDHPs) to reduce the costs of providing health care benefits to their employees. If you currently offer this type of healthcare plan you already know the ways it saves you money and that pairing the HDHP with a Health Savings Account (HSA) is the key to also making it beneficial for your employees.
As we’ve watched this trend unfold and gain adoption locally, we are pleased to announce that we now offer Health Savings Accounts. This news affirms our commitment to our small business customers to add business services that are convenient and help you grow.
Encouraging your employees to open their HSAs at State Savings Bank has a lot of benefits for you. By leveraging the power of our online banking and commercial cash management tools, you can make contributions to their HSAs or set up payroll deductions with assistance and ongoing support from the staff members you are accustomed to dealing with. We can help you teach your employees how an HSA works, help them with rollovers, and provide timely reminders of contribution limits and deadlines. We can even come to your business to open their HSA accounts.
A recent research report from Devenir Research1 indicated that the number of HSA accounts grew by 20% from 2015 to 2016 and now exceeds 20 million. Growth forecasts anticipate similar growth in 2017. If you are already offering HDHPs, or are considering offering them in the future, we invite you to call your account officer to discuss the advantages of your employees having their HSAs at your bank. You can find additional details here:
|
