With the rising cost of healthcare, the health savings account (HSA) option is growing in popularity among employers and employees alike. HSA’s are typically paired with a high deductible health insurance plan under a Section 125 Cafeteria Plan. They provide numerous tax benefits in addition to flexibility for those using them to pay for health coverage. However, there are specific rules employers must follow when making contributions to employee HSAs.
So what HSA employer contribution rules do you need to know about to provide the best opportunity for your business and employees alike? We’ll detail five options that can provide value.