Business Health Savings Account

Invest in the well-being of your team.

Tending to your employees’ health care needs.

Here at Corda Credit Union, we get it — healthcare costs tend to go up, not down. It’s important to talk to your health insurance provider to see if offering a high-deductible health plan (HDHP) would lower your business’ health insurance expenses. If so, a Health Savings Account (HSA) option for your employees might make a lot of financial sense.

The benefits of an HSA

HSAs complement HDHPs by allowing employees to set aside pre-tax dollars to cover the higher deductibles. Employers often contribute a percentage of an employee’s income (or a set amount) into each employee’s HSA on a regular basis as well. By contributing to your employees’ HSAs – a process we can set up to automatically happen – you’re investing in their health and future.

This approach can lead to:

  • Potential savings for your business. (Consult your health insurance representative.)
  • Potential tax advantages and savings. (Consult your tax advisor.)
  • Increased employee retention and satisfaction.

Get started with an HSA

Contact us to start a discussion about setting up HSAs for your employees. We can even come to your business to do an educational session and help get individual HSAs set up.

Contact us to get started