Wednesday, February 08, 2012

Health Savings Accounts

As healthcare and insurance costs skyrocket, so does your need to offer cost-saving, consumer driven healthcare account solutions that help you and your employees contain costs and increase focus on wellness. According to the Blue Cross Blue Shield Association, Health Savings Account (HSA) deposits in the U.S. will exceed $300 billion by 2012.

A Health Savings Account (HSA) is a tax-advantaged savings account that is used in combination with a High Deductible Health Plan (HDHP) offering consumers a new way to manage their healthcare. Consumers use the HSA to cover qualified medical expenses.  AdminPro, Inc helps you fight rapidly rising health insurance costs and add depth to your employee benefits packages.

 

 

HSAs offer consumers triple tax savings!
1. Federal tax deductions on contributions
2. Tax-free growth on invested funds
3. Tax-free withdrawals for qualified medical expenses

At AdminPro, delivering easy to use solutions backed by the highest levels of service is our top priority. We offer a Software-as-a-Service solution, designed to provide you and your employees with the functionality and reliability you need to offer worry free consumer driven healthcare accounts. And, you can be assured we’ll support you and your advisor with the highest levels of IT expertise and regular additions of new, productivity enhancing features.

Our solutions can help you:

  • Save money on health insurance premiums by offering HSAs along with high deductible health plans
  • Add depth and flexibility to your employee health benefits and retirement plans with secure, FDIC-insured financial accounts
  • Free up Human Resources staff with secure and easy to use online, self-service portals you and your employees can use 24/7/365
  • Promote healthier lifestyle choices through increased employee involvement and use of 100% covered preventative care
  • Go Green with paperless online claims, direct deposit reimbursement and electronic statements