An attractive employee benefit package greatly increases recruitment and retention savings for your business. And since health care is one of the hottest topics on the list of must-have benefits, Health Savings Accounts (HSAs) can help you ensure that your business stands out from competitors.

HSAs offer you and your employees more options in healthcare – from selecting providers, to allowing a wide range of qualified expenses that can be paid for by tax-advantaged distributions.*

What is an HSA?

An HSA is a tax-advantaged savings account, frequently used in combination with a High Deductible Health Plan (HDHP), which offers you and your employees a new way to manage healthcare expenses. Consumers use the HSA to cover qualified medical expenses and benefit from triple tax savings:

1. Tax deductions on contributions
2. Tax-free account growth through interest and investment earnings
3. Tax-free withdrawals for qualified medical expenses

Our industry-leading HSA solution can help you:

Increase employee satisfaction by providing an intuitive and innovative HSA solution.

Reduce FICA tax liability by encouraging and supporting pre-tax contributions.

Learn more

We can help you deliver a deliver a reliable, trusted, and simple HSA solution that meets your employees’ changing needs. Our top priority is delivering an easy-to-use HSA backed by the highest levels of service. Our web-based solution provides you and your employees with an easy HSA experience.
 

Contact

Questions? Contact HSA Employer Services at (877) 781-3399

To get started contact a Baylake Bank Personal Banker at (800) 267-3610