Business Health Savings Account
Help your employees save for current and future medical expenses.
Offering a Health Savings Account (HSA) to your employees can be a powerful benefit for attracting and retaining talent. HSAs combined with a high deductible health plan can help control or reduce your business healthcare insurance costs.
Tax Advantages and Flexibility:
- Employer HSA contributions are tax-deductible and can be handled directly through payroll.
- Employer and employee can choose how much to contribute, up to the annual contribution limit.
- Employer does not have to pay payroll tax on contributions made by employee.
- Employee owns their HSA, so unused balances roll over and grow each year.
Read more information on the features and benefits of an HSA.
Interested in partnering with Katahdin to offer your employees a Health Savings Account? Contact your local branch or email info@katahdintrust.com to get started today. We will be happy to work with your business to enroll in ACH direct deposit and coordinate setting up each employee's HSA account.
Please consult your tax advisor.
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