Health Savings Account Plans

Show Your Employees How to Reduce Their Health Care Costs

Health savings account plans help to bear the burden of many of today's rising health care expenses.  When it comes to health care coverage plans, not all are created equal.  In order for a health care program to be effective and manageable, employers need to consider their needs and the needs of their employees before shopping around.  PrimePay can help you implement the right plan for your company while staying within your limits.

Employee Health Savings Account Plans

• Help with health care management costs
• Employers may help fund an HSA to alter employee behavior
• Balance can be rolled over into the next year

Health Savings Account Plans Help You Leverage Rising Health Care Costs

PrimeFlex: Flexible Compensation Options for Your Employees

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HSA Funding & Administration

The employee's account can be funded by both the employer and the employee.  Contributions can be made through a payroll deduction or tax deductible basis.  Within your qualified health savings account, tax-free interest can be accrued.  Any unused funds in each account can be rolled over into the next year.  The employee is the owner of the account, and can take it with them if they switch employers.  The only type of corresponding health plan that is allowed to be used in conjunction with an HSA is a defined high deductible health plan (HDHP).

Explore the Possibilities with HSA Plans & More

PrimePay offers a variety of flexible compensation options that your company can take advantage of, but determining the best solution may require professional advice.  PrimePay is here to field all your questions so that you can do what is right for your employees.

Flexible Compensation Account Options from PrimePay

HSA plans combine the best of both a flexible spending account and a health reimbursement arrangement.  PrimePay also offers a wide variety of many other flexible compensation programs that give your employees the option to pay for certain insurance premiums tax-free.  Besides an HSA, consider Premium Only Plans (POP), Flexible Spending Accounts (FSA), or Health Reimbursement Arrangements (HRA).

Contact PrimePay about Flexible Compensation Programs