Learn about health benefitsHSAs: A best kept financial secret
As a small business owner, you care about your employees, and want to help them prioritize their health and well-being. You also know that healthy, happy employees make for a healthier business and bottom line. But the cost of health coverage presents a challenge to both employers and employees.
One cost-effective solution to help offset the rising health care costs is a tax-advantaged savings account. There are several types of these accounts, and each comes with different rules and provisions, but the basic concept is an investment plan that enables employees to save for retirement or health care expenses using their pre-tax income.
In the context of health care, there are three main types: