Benefits of a Health Savings Account A Health Savings Account (HSA) from Mountain America is a tax advantaged medical savings account that your employees own. It provides a great way for individuals and families to cover the cost of medical and health care expenses that would otherwise not have been covered by their health insurance plan. How an HSA Works Enroll your employees in a qualifying, high-deductible health plan (through an insurance company) and then open Mountain America HSAs for them. Your employees then use their HSA funds to pay for expenses incurred before their health plan deductible is met. The HSA may also pay for services not covered by the health plan, including: co-payments for prescriptions and office visits, COBRA coverage during periods of unemployment, medical expenses after retirement and long-term care expenses—to name just a few. Unlike similar types of accounts, HSA funds are not lost at the end of the year. Unspent balances remain in the account, earning dividends, until they are spent on medical care. Save Money on Employee Healthcare Give your employees access to additional medical expense coverage with a Health Savings Account. Refer them to Mountain America’s Service Center at 1-800-748-4302 or have them visit the nearest Mountain America branch.