HealthSmart administers employee Health Saving Accounts (HSAs) in conjunction with a High Deductible Health Plan (HDHP). When these two plans work together they offer significant advantages to employees:
HDHPs have lower premiums than traditional health plans, which enables more employees to afford health insurance.
HSAs allow employees to take tax free income and save it for future medical expenses.
HSAs protect employees against unforseen and costly medical bills.
Employees can use their HSAs to pay for out-of-pocket expenses not covered on their plans.
Rising costs, changing regulatory initiatives and greater consumer interest in expanding control over their healthcare options are moving employers and health care organizations to develop new, more flexible models of healthcare delivery. Consumer-driven healthcare such as HSAs, brings the possibility of lower healthcare expenses to employers by empowering employees to take control of their health care choices and expenses.
Our integrated HSA solution includes financial services such as debit cards, checking accounts and investment options along with an array of consumer healthcare tools.