Help your employees save money on out-of-pocket health care expenses

HSAs offer flexible options for you as an employer to contribute to employee accounts, with the option to contribute the full annual limit amount, a portion, or keep it fully employee-funded. With no “use it or lose it” stipulation on this reimbursement account, HSAs are an excellent means for employees to put money away for extra savings year after year.

What is an HSA?

An HSA is a savings account that is used in combination with a qualified High Deductible Health Plan (HDHP) that gives your employees a new way to manage health care costs. Members are able to use their HSA funds to cover qualified medical expenses that are not covered by their HDHP. With a Lifetime Benefit Solutions HSA, any earnings on employer and employee contributions are tax advantaged (not subject to taxation).

Get more from your HSA with Lifetime Benefit Solutions

By partnering with LBS, you and your employees will enjoy:

  • Depth and flexibility to your employee health benefits and retirement plans with secure, FDIC-insured financial accounts*
  • Reduced FICA and FUTA payroll taxes
  • Lower cost health insurance premiums by offering HSAs along with qualified high deductible health plans
  • Web-based, fully integrated portals with 24/7 access to accounts
  • Debit card transactions, direct deposit reimbursement, and electronic statements

Saving made simple

Reduce administrative burden by providing your employees with a way to manage their spending accounts without requiring your time. The LBS Health Spending Mobile App provides easy, secure access so your employees can conveniently monitor balances and track expenses on the go.

Get the LBS Health Spending Mobile App

Take the first step towards savings

Request a Quote

Additional Resources

My HSA Planner

This easy-to-use, time-saving HSA decision tool helps employees learn the benefits of an HSA account.

Annual IRS Contribution Limits

HSA members are responsible for ensuring that they do not contribute more than they are allowed under IRS rules.

Download HSA Infosheet

Get more information about Health Savings Accounts and how they can benefit your employees with the HSA infosheet.

HSA Store

Visit the HSA Store to see the selection of HSA eligible products and resources.

Note: LBS is not a law firm. This material is for informational purposes only and does not constitute legal or tax advice. State laws may vary. Please consult with your own legal counsel or tax advisor for the legal and/or tax requirements that may apply to you or your employees.

 

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