HSAs and cancer care: How to guide your employees

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Coming up faster than I can believe is June and the start of summer. June is also National Cancer Survivor Month and it is important during this time that as employers, we take a minute to think about how we are supporting our employees before, during and after a cancer diagnosis.

Treating serious conditions such as cancer can represent a significant current and future cost challenge for those stricken by this disease. When thinking about paying for healthcare needs during and after treatment for such a serious condition as cancer, most people would think that a traditional health plan such as a Preferred Provider Organization (PPO) or a Health Maintenance Organization (HMO) would offer a better option than a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA). However, an HSA-centric plan can be a powerful option to support employees in many different circumstances, including those faced with a serious affliction such as a cancer diagnosis.