image credit: Adobe Stock

HSA for Small Business – What You Need to Know

June 1, 2022

Small business owners and their employees can stretch their dollars further by establishing a health savings account. With a health savings account, participants are empowered to save earnings and more wisely spend money on healthcare expenses. While it might be easy to assume this tax-advantaged account is a benefit available only to large companies, the option is also a possibility for small businesses.

What is a Health Savings Account?

What is a health savings account HSA, and why is it a good option for small businesses? An HSA is a tax-advantaged medical savings account that allows participants to save pre-tax dollars for future qualified medical expenses.

Read More on Small Business Trends