Enhance Your Employee Benefits
With A Health Savings Account.
When reviewing your company’s health care options, a Health Savings Account (HSA) is the perfect solution to help your employees better manage their medical costs.
HSA funds can accumulate in their account and be used to pay for doctor visits, prescriptions, dental check-ups and more with pre-tax (or tax deductible) dollars.
Just a few ways HSAs can help your business:
Cinfed offers FREE Health Savings Accounts for compatible High Deductible Health Plans - no cost to your business or employees.
Employers may deduct HSA contributions on their income tax returns. Most amounts are reported as employer-provided coverage for medical expenses under a health plan. These amounts are typically not subject to employment taxes.*
Generally High Deductible Health Plans cost employers less than traditional health plans.
HSA accounts are easier to administer than FSA accounts, plus we make it easy for your employees to set up their accounts.
*Consult your tax advisor for additional information.
Most accounts are funded through payroll deductions each pay period. Employers can set up automatic deductions each pay period to spread out contributions.
Many companies offer a match on HSA contributions up to a certain amount. Check with your employer to see if they offer this as part of your benefits.
If your employer doesn’t support payroll contributions, you have the flexibility to contribute to your account directly via funds transfer or check.