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Benefits 101: What to know about HSAs as open enrollment approaches

We were recently featured in an article on Employee Benefits News discussing what to know about Health Savings Accounts. Health Savings Accounts (HSAs) can be a critical benefit that supports employees’ physical and financial well-being — and more employers are focused on not letting these tools fall through the cracks during Open Enrollment.

“HSAs create a level of certainty in a very uncertain world, and put individual employees more in control. HSAs have the ability to make employees more informed consumers…”

Becky Seefeldt, Vice President of Strategy at Benefit Resource

These accounts provide employees with a triple-tax advantage: they can make contributions on a pre-tax basis, the savings will grow free of taxes over time, and tax-free withdrawals can cover qualified medical expenses.