Perhaps the most affected by rising health care costs are small businesses who have a limited budget for their employees health care. A HDHP paired with a Health Savings Account is a great way for small businesses to control and save on health care. The Small Business Administration realizes this and have acted accordingly.
The Treasury Department and the U.S. Small Business Administration today announced a new website that provides small businesses with information on how Health Savings Accounts ( HSAs ) can help meet their employees’ health care needs.
While many Americans have access to health coverage through their employers, many employees work for small companies that are unable to sponsor health insurance plans. Many of these employees can benefit from the affordability and flexibility of HSAs and HSA-eligible health plans.
The new website, www.hsa.gov, presents the advantages of HSAs, provides comparisons to other health coverage options, and has other materials to help employers and individuals determine whether and how to enroll in HSA-eligible coverage and how to save for health care costs through an HSA.
This is defintely a helpful site for small business owners as it presents the information in an easily understandable format.
Tags: SBA, Small Business
