Generally speaking, there are three types of health care consumers.
-Employees that rarely use their health insurance or other employee benefits. An HSA will allow them to save money and have money set aside for other HSA covered expenses not related to their medical insurance, such as dental care.
-Employees that use their benefits a moderate amount. The benefits, in this case, are not as transparent at the beginning, but it will benefit them after factoring in the tax savings.
-Frequent healthcare users. Because all expenses apply to the deductible and out of pocket limit, they often end up spending less over the year than a traditional plan
In Beckley, West Virginia, Songer Benefits offers several account-based health plan options like Health Savings Accounts. Contact us for more information on your small business health insurance options.