Health Savings Plan Could Save Your Employees Money
With the cost of health insurance continuing to increase, many businesses are faced with switching to a high-deductible plan for their employees. Your employees can manage some of the increased expenses by opening a Health Savings Account (HSA) - and we can help!
An advantage of HSA plans is that they allow tax-free withdrawals for qualifying medical expenses. HSAs are beneficial for employees who need to pay health expenses not covered by insurance.
If you are interested in setting up HSA plans for your employees, we can streamline the process by setting up accounts right at your business. No need for staff to take off work or rush to the bank during their lunch hour -- we will come to you. We are happy to give brief presentations to your staff about the potential benefits of an HSA, and we will have paperwork for employees to complete right at the meeting. We can schedule a group meeting over the lunch hour, before work, or at time that works best for your business so as not to interfere with your workforce needs.
Contact a member of our Business Banking Team to learn more about how we can help: Business Banking | Security Financial Bank (sfbank.com)