Providing a terrific long-term benefit for your employees
Employers who offer an HSA-based plan and who educate employees on the tremendous benefits of Health Savings Accounts are providing a terrific long-term benefit for their employees.
This HSA-based health plan is ideal for the business owner who may have greater financial resources to maximize HSA funding. This is especially true if there is family coverage, and the employer can double the regular individual contribution limits. And after age 55, the employer can add an additional $2,000 to the HSA for themself and spouse.
Important Note: Since 2004 Hopper Insurance Services has recommended that business owners enroll themselves in HSA-based plans unless there is a mitigating health concern. It is an opportunity for them to test these plans before recommending to employees. For those that took this advice, and had reasonably good health, they should now have a substantial pool of tax-free cash in their HSA for retirement healthcare expenses.