You've tried to put in place a health insurance program for your employees. We get it. Finding coverage for a small amount of employees can be hard. It can be expensive, there can be costly co-insurance payments and many exclusions on coverages. The secret to affordable health insurance for a small business owner is a Health Spending Account.
A Health Spending Account (HSA) gives you the freedom to decide how much you want to contribute and where you want to spend your contributions. An HSA is a great alternative (or supplement) to a traditional employee health benefits program. It is an account that is established exclusively to pay for healthcare costs for you and your dependant family members. The HSA allows you to decide how much you want to contribute as well as provides you the freedom to choose how you spend it.
HSAs are tax-free accounts designed to help you pay for your family’s healthcare. You decide how much money to deposit for your family and which expenses to use those funds on. With an HSA, you get budget certainty and complete control of your money.
Cost control is in your hands, not an underwriters. You will also be able to reduce your taxes by writing off 100% of your medical costs through an HSA. There are no deductibles or co-payments; just complete coverage on expenses you choose.
More eligible expenses than you could even imagine as opposed to a traditional plan which limits expenses. The definition of a dependent is also more inclusive; cover everyone you care about.
The claims process is easy. Submit your claims through your smartphone, tablet or desktop. No complicated exclusions or conditions on your claims. No medical underwriting needed to set up.
Make sense? Get your own HSA here.