HEALTH SAVINGS ACCOUNT (HSA)
HSA may be the answer for you. It has the ability to make high-deductible plans a viable option for employers, empower employees to better manage their own health care.

HSAs More Than Double in Six Months, New AHIP Study Shows

What is an HSA ?
Who is eligible to participate?
What is the advantages of HSA to Employer ?
Is there any advantages to Employees ?
Can I choose a well-known health care provider ?

What is an HSA ?
- Made possible by the Medicare Modernization Act of 2003
- It is an account-based saving option which allow individuals to pay for
eligible health care expenses tax-free
- It can only be opened in conjunction with a qualified high-deductible health plan
- HSA is available to individuals to purchase on their own
- Employers can offer HSAs as a benefit to employees

Who is eligible to participate ?
- Participants in an HSA eligible or qualified high-deductible health plan
- Must not be enrolled in Medicare or in a standard FSA/ HRA
- Must not be a dependant on a tax return

What is the advantages of HSA to Employer ?
- Reduce spending on health care benefits
- Control costs by determining how much - if any - employer contribution
to make to employee HSAs
- Encourage healthy behavior and good consumer health care choices
- Provide a savings for employee future health care needs
- Reduce payroll taxes

Is there any advantages to Employees ?
- Offers pre-tax contributions, tax-free earnings, tax-free withdrawals
- Unused dollars roll over into the next year
- An HSA account is invested and the individual/employee keeps any earnings
- The individual/employee retains control and make choices about how to
to spend his/her health care dollars

Can I choose a well-known health care provider ?
Yes, Almost all health care providers who offers high deductible plans has
this product. These plans are labeled as "HSA Compatible Plans"

More information on Self funded plan and Flex Medical Plan.

For more information, contact us at 1-877-608-6477 or email us info@eFirstStreet.com