Set monthly benefit costs (no budget surprises!)
Fully tax-deductible expense to the business
Claim reimbursements are received tax-free by the claimant
You choose how best to allocate your Health Care dollars
No internal limits, coinsurance, or deductibles
HSA's can be used to supplement other plans. Claims go through the HSA last
If you are contributing to any other plan, you may claim those health and dental premiums through an HSA
Any item that qualifies for the Medical Expense Tax Credit is eligible, making HSA plans the most comprehensive coverage available. For example:
Paramedical services (massage therapy, physiotherapy, etc.)
Tuition for special needs schooling
Eye glasses or laser eye surgery
Major dental including dental implants
Orthodontics for children or adults
As the business owner, you may choose to carry the balance forward, meaning excess funds simply roll over into the following year. However, if you still have unspent funds from year one at the end of year two, the remaining carry forward amount is returned to the company. With traditional insurance plans, unspent funds go into the pocket of the insurance company.
Contact us now to learn more!