Many employees and their employers are confused about how to maximize their HSAs. HSA Bank, a CAHU platinum sponsor has provided the attached whitepaper that outlines eligibility, QMEs and how employees can maximize their HSAs thru Section 125 pre-tax deductions. We encourage you to review the attached white paper and share it with your groups that currently offer or are considering offering Health Savings Accounts. For more information about how HSA Bank might help you provide more value to your employer groups, contact Heather Harte, Regional VP of Sales for HSA Bank at 720-231-4090.
What is a Health Savings Account (HSA)? Health Savings Accounts (HSAs) are a new way for consumers to pay for medical expenses. As of January 1, 2004, almost anyone with a qualified high-deductible health plan can also have a Health Savings Account. HSAs can save you money on your medical care now as well as provide a good way to save for future medical expenses. HSA funds can pay for expenses before you meet your deductible as well as helps pay for services not covered by your health plan, COBRA coverage during periods of unemployment, medical expenses after retirement and long-term care expenses, to name just a few. Your high-deductible health plan can be one you get through your employer …