Business Health Savings Accounts in California
Let the California Health Insurance team work with you to choose an HSA for small business health care. We have the experience and resources to answer all of your questions concerning HSA's.
An HSA or Health Savings Account is a form of health coverage which uses a high deductible health plan to lower the cost of premiums with a tax-free savings account for medical expenses. An HSA can reduce out of pocket medical costs for employers and employees.
An HSA can help small businesses without health insurance California to offer them to employees.
Here are some of the benefits of HSA's for small businesses:
- Can be used in conjunction with a high-deductible plan
- Contributions are tax-free, as are payouts for medical expenses , contributions from employers and accumulated interest
- Savings are owned by the individual, and can be transferred from one employer to the next
- An HSA may reduce your taxes
To learn more of the advantages of an HSA and see if it could work for your situation, it's best to speak with an expert. Find out if you will qualify for an HSA, by contacting an agent at California Health Insurance to go over your options. Call toll-free (800) 311-1162 to speak with an agent or fill out our contact form here.