We understand that you may find it costly to provide health insurance benefits to your employees. You may even find that providing health insurance for yourself is expensive. A Health Savings Account is an alternative approach that will assist in reducing health care costs. That’s why Provident thought it was important to offer businesses and individuals Health Savings Accounts. A Health Savings Account is a smart addition to an affordable qualified High Deductible Health Plan. A High Deductible Health Plan (HDHP) allows you — and your employees — to pay a lower premium than other health plans, while paying a higher deductible. When you combine an HDHP with a Health Savings Account (HSA), the funds in the HSA can then be used to pay qualified medical expenses not covered by the health plan, such as deductibles, dental and vision services. This means that you and your employees can now more easily afford health care coverage. You and your employees can both make contributions to the HSA. Those contributions are tax-favored, which means they can be made pre-tax or deducted on your employee’s income tax return. The HSA will grow tax-deferred, and if you only use your HSA funds for eligible medical expenses, you never have to pay taxes on those funds! At Provident, we provide a unique service to you and your employees. We can assist you in selecting a provider for your HDHP or partner with your group insurance provider. We will walk you through setting up the HSA for you and your employees and even assist you with developing a plan for making regular contributions to the HSA(s) if you’d like. Offering your employees an HDHP with an HSA is a great solution to affordable health care coverage and may help you better attract and retain valuable employees. For more information call us today at 1-866-709-1HSA(472), Option 1. | 
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