Business Health Savings Accounts

Take control of health care costs
Pair a high-deductible health plan with a health savings account (HSA) and get better coverage for out-of-pocket medical expenses.

What is a health savings account?

Give your employees a more flexible, hands-on approach to managing their health-related expenses with a health savings account (HSA). An HSA is a tax-advantaged medical savings account owned by the employee. It helps individuals and families cover medical and health care expenses not covered by their high-deductible health insurance plan.

 

How does an HSA work?

  • Enroll your employees in a qualifying, high-deductible health plan (through an insurance company) and then open Mountain America HSAs for them.
  • Your employees use the HSA funds to pay for expenses before their health plan deductible is met.
  • The HSA may also pay for other 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 won’t expire at the end of a plan year. Instead, 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. Contact Mountain America’s Service Center at 1-800-748-4302 or visit your nearest Mountain America branch.


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