For employees, the pre-tax payroll deferral feature of a Health Savings Account can be enticing. And if they're able to save more funds in their HSA than they spend -- perhaps even save enough to add investing to the mix -- all the better.
For employers, offering an HSA option can be a useful addition to a benefits package. For brokers and advisors, HSAs offer a way to expand the scope of their services or offerings.
But how does one get from "my employees could use this" to "my employees are taking advantage of the HSA option"? Although establishing and using an HSA can be fairly straightforward for an employee, employers as well as brokers and advisors need to be aware of HSA eligibility requirements. The gallery above shows five HSA eligibility FAQs to know.
We have excerpted and/or edited for space the 5 FAQs on the slides above from the book 2019 Health Savings Accounts Facts, by National Underwriter, our colleagues here at ALM Media.
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