Category: TPA Strategies

Driving Employee HSA Utilization for Employers and TPAs

Can you name all of the advantages of an HSA account? Here’s just a few:

  1. Lower your monthly health insurance premiums with a higher deductible. These HDHPs can be paired with an HSA
  2. You Can provide a savings buffer for unexpected or high medical bills
  3. Use the HSA to pay for current medical expenses, including your deductible and expenses that your insurance may not cover, or you can save your funds for future medical expenses
  4. You can withdraw money from your HSA at any time and for any reason
  5. They offer a triple-tax-advantage – tax-free contributions, tax-free withdrawals, tax-free interest on investment
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