Reduced Premiums – you can reduce your insurance premiums substantially by switching to an HSA-qualified high-deductible health plan.
Lower Fixed Costs of Health Insurance Plan – 2 Components of the plan; premium and account funding can be decided independently, and reviewed annually
Deliver more Benefit Dollars to Employees – Instead of paying 100% of insurance dollars to a carrier, you can deliver some of those dollars directly to employees by funding the account.
Provide Incentives to Employees to Get Involved with Healthcare Decisions – by re-allocating insurance premium dollars to individual accounts, individuals have incentives to get involved with the process and get the biggest bang for their buck.
Tax savings – your contributions to the HSA are made with pre-tax dollars