Health Savings Accounts

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It’s no secret that healthcare costs are getting less affordable every day. If your company is like so many others, you need to control these costs to stay competitive, but at the same time, you want to be sure that your health benefits do what they are intended to do…protect your employees and their families. 

Fortunately, good health can actually cost less. Employers are increasingly looking to consumer-driven health plans to help soften the blow of continually rising healthcare costs. Depending on the model, these plans typically include Health Reimbursement Arrangements (HRAs), Flexible Spending Accounts (FSAs), and most recently, Health Savings Accounts (HSAs). Some plans allow employees to use these accounts to pay for medical expenses that are not covered by insurance, while others provide employees with a fixed dollar amount with which they can purchase healthcare services or a health insurance policy on the open market.

HSAs offer numerous advantages, including:

  • Greater individual control over health care dollars;
  • Increased consumer decision-making, potentially leading to healthier lifestyle;
  • Incentives for individuals to save for health care expenses they will encounter in retirement; and
  • Healthcare premium savings for both employers and employees.

At Filice, we strongly believe in the future of HSAs and their ability to empower your employees to take control of their health and the dollars they spend on healthcare.  We will work with you to help implement a plan that is valuable and affordable for your employees, while at the same time effective and manageable for you.