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June 02, 2011
An HSA Can Be Just What Small Business Owners Need
Over the past six years, health insurance premiums have significantly risen by at least 87 percent. This is not only the problem of small business owners, but of all Americans who are paying for their health insurance every year. According to insurance companies, premiums are on the rise due to the constant increase of health care costs.
Such an increase is a major problem because business owners need to pass this burden on to employees. Sometimes, it may also mean dropping the benefit entirely. A Health Savings Account or HSA can just be what small business owners need to solve this problem.
Going with HSA insurance with a high deductible, brings down the cost of premiums. An HSA can help with out-of-pocket expenses for medical costs until the deductible is met. Your employer may even place contributions in your account. What’s good about having an HSA is that the money you place in it earns tax-free and unspent money is remains yours even if you leave the job. Health Savings Accounts can even reduce your taxes.
To have an HSA plan, you need to have a qualified high-deductible health plan. On our site, you can check out which plans you need to qualify for an HSA. Get an instant HSA insurance quote and compare different HSA plan options from different trusted companies.
Visit http://www.health--savings--accounts.com for more information on Health Savings Accounts and HSA Plans.
Posted by Wiley Long at June 2, 2011 12:39 AM