At Health Savings Administrators you have access to 22 Vanguard Funds - and unlike some of the competition, there is no required checking account.
A live person will answer the phone EVERY time you call. We pride ourselves on superior customer service and we staff our call centers with experienced, friendly and educated people.....just like you!
You can build a portfolio with 22 low-cost Vanguard mutual funds - and you can invest immediately, instead of waiting to accumulate a large balance.
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Benefits - Why Health Savings Administrators
Health Savings Accounts National Leader
Health Savings Administrators has the tools you need to make the implementation of your Health Savings Account program a success.
Health Savings Accounts offer you a way to control your health care costs. By offering your employees an HSA, both you and your employees benefit. Employees receive a health care plan that allows them to save for future health care needs and realize tax savings in the process. You reduce your health care premiums and take control of your health care expenses.
There are also tax advantages. Employer contributions to an employee’s HSA are excluded from the employee’s gross income, and are not subject to FICA or FUTA.
Many of the benefits of choosing a Health Savings Account over a traditional health insurance plan can directly affect the bottom line of an employer’s benefit budget. For instance:
- Health Savings Accounts are dependent on a high deductible insurance policy, which lowers the premiums of the employee’s plan.
- All contributions to the Health Savings Account are pre-tax, lowering the gross payroll and reducing the amount of taxes the employer must pay.
As an added benefit to employees or an incentive to elect a Health Savings Account over a traditional insurance plan, employers may contribute to employees Health Savings Accounts.
2011 Calendar Year Maximum
- Single accounts—$3,050.00
- Family accounts—$6150.00
- Additional contribution for account holders who attain age 55 by December 31, 2011 —$1,000.00
Qualified High Deductible Health Plan Requirements for 2011
- Single accounts—Deductible is not less that $1,200 with annual out-of–pocket expenses not to exceed $5,950
- Family accounts—Deductible is not less that $2,400 with annual out-of–pocket expenses not to exceed $11,900
2012 Calendar Year Maximum
- Single accounts—$3,100.00
- Family accounts—$6,250.00
- Additional contribution for account holders who attain age 55 by December 31, 2012 —$1,000.00
Qualified High Deductible Health Plan Requirements for 2011
- Single accounts—Deductible is not less that $1,200 with annual out-of–pocket expenses not to exceed $6,050
- Family accounts—Deductible is not less that $2,400 with annual out-of–pocket expenses not to exceed $12,100
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