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Health Savings Accounts (HSAs) for Employers

HSA‑compatible health plans give employees a way to save for care by contributing to a tax‑advantaged health savings account instead of paying higher premiums to an insurance company. With a higher‑deductible, lower‑premium medical plan, employers and employees can redirect some of the premium savings into an HSA, allowing eligible medical expenses to be paid with tax‑free dollars while also reducing taxable income.

Two parts of a health savings account (HSA) plan design:

Part 1 – The HSA‑qualified medical plan

You’ll need a health insurance plan that meets federal requirements for a health savings account (HSA).

Part 2 – The HSA

To pay for eligible medical expenses with tax‑free dollars and reduce taxable income, you’ll also need a health savings account. This can be set up with a financial institution of your choosing, though we strongly recommend HealthEquity for their member support and user‑friendly platform.

HSA video resources for employees and employers:

What is an HSA?

HSA: The new retirement strategy

Health savings account (HSA) PDF resources:

HealthEquity HSA (pdf)

Download

HealthEquity Investment Guide (PDF)

Download

HSA limits and qualified medical expenses:

HSA Contribution limits

IRS qualified expenses

Get started with a HealthEquity HSA

We’ll help you decide if a HealthEquity health savings account (HSA) is a good fit for your team and guide you through the steps to get started. If you’d like to explore HSA options, contact us and we’ll walk you through what to consider.

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