To supplement existing insurance coverage, WisMed Assure offers a number of high-quality Group Health Savings Account (HSA) options.
HSAs let you and your employees pay out-of-pocket medical costs tax-free. And with some plans, interest can be earned while the money is sitting there waiting to be used.
Here’s a quick overview of how HSAs work.
- You and/or your employee put money into an HSA account.
- The money sits in the account like it would in a bank account, except it was deposited tax-free and, with some plans, may earn more interest than in a bank account.
- When an employee needs to pay for a prescription, dental check-up, copay on current insurance or other uncovered medical expense, they use their HSA debit card or send in a receipt to be reimbursed from the account.
Contact us today. Our expert advisors will help put a plan in place that is right for you.