Health Savings Account (HSA)

An HSA is a tax-advantaged savings account that is used in combination with a qualified high deductible health plan (HDHP) and gives your employees a new way to manage health care costs. They can use the HSA funds to cover qualified health care expenses—from copayments at the doctor’s office to pharmacy bills, dental care, vision care and more.

Lifetime Benefit Solutions HSA helps you:
Add depth and flexibility to your employee health benefits and retirement plans with secure, FDIC-insured financial accounts*
Reduce FICA and FUTA payroll taxes
Save money on health insurance premiums by offering HSAs along with qualified high deductible health plans
Provide web-based, fully integrated portals with 24/7/365 access to account information
Promote healthier lifestyle choices through increased employee involvement
Debit card transactions, direct deposit reimbursement and electronic statements

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