Business Health Savings Accounts (BusinessHSA)

• Help employees cover medical costs
• No need to sponsor a group health plan
• You decide how much you can contribute
• Gives employees special tax-saving tools

BusinessHSA is an affordable way to assist employees with their healthcare costs without sponsoring a group health insurance plan.

Utilizing employee-owned Health Savings Accounts (HSAs), BusinessHSA integrates individual medical insurance purchased by employees with voluntary pre-tax contributions made to their accounts by employers - at a level they decide. Employers contribute to employee healthcare costs at a level they decide, while providing employees with access to individually purchased medical insurance plans and tax-advantaged Health Savings Accounts (HSAs).

With BusinessHSA, employees shop for and purchase their own HSA-compatible medical insurance plans and open their own Health Savings Accounts through a customized eHealthInsurance website. Employers make automated payroll contributions to employee Health Savings Accounts at a level they can afford, without sponsoring a group insurance plan.

If you are a small business owner who would like to help employees with healthcare costs but a group medical insurance plan isn't right for you, BusinessHSA is the perfect option

To get started, open a free BusinessHSA account for your company and let us know how much money you want to contribute toward employee healthcare costs each pay period. We'll create a customized web portal for your company and invite your employees to participate in your BusinessHSA program.