A health savings account (HSA) is an account funded to help you save for future medical expenses. There are certain advantages to putting money into these accounts, including favorable tax treatment.
For more information on cost-saving strategies, contact your HR department.
The world of health insurance has many terms that can be confusing. Understanding your costs and benefits—and estimating the price of a visit to the doctor becomes much easier once you are able to make sense of the terminology.
Small employers that do not sponsor group health plans may want to consider implementing a new stand-alone HRA to help their employees pay for individual health insurance premiums.