With the Affordable Care Act and the increasing costs of medical expenses, employees are more pre-occupied with securing health benefits to avoid tax penalties. Providing these benefits to employees is a great way for small business owners to recruit and retain the best workers. But how can small businesses compete when every other company is also seeking the best talent? One answer may, in fact, come from health savings accounts (HSAs).
The right HSA provider
Selecting the right HSA provider can be a challenge for employers. Service, features and cost are all factors to evaluate. In this article, we discuss some of the ways HSA providers make money, so you have a better idea of how to determine cost and value for your employees.