Add a Benefit to Attract Better Employees
Any good business owner wants to make sure their employees are taken care of and offer a great benefits package to attract the best possible employees. Providing a health savings account (HSA) benefit to potential employees can help set you apart and show your employees that you're here to support them when they face tough times. As an employer, you can choose to contribute to your employee's HSA or just provide it as a benefit to make their own contributions. Either way, your employees can use their HSA by making tax-free withdrawals* to cover costs associated with qualified medical expenses. Benefits include:
- Funds roll over from year to year
- Contributions are tax-deductible up to the annual maximum
- Accounts earn interest on the entire balance
- The employee retains the account even if they change jobs
If you are interested in offering health savings accounts for your employees, please contact the business banking team at United Community Bank. We'll take you through the steps of how you can begin offering this benefit.
Contact Us to Open an Account
*Call us for current rates on interest bearing accounts
*When used for qualified medical expenses. Consult a tax advisor. Qualified expenses include most medical care and services, dental and vision care, weight loss programs, some over the counter medications, mileage, and more.