What makes the BASIC HSA so Powerful?

Employer Benefits

• Plan Design and Consultation: We will help you set up an HSA appropriate for you and your employees.
• Premium Reduction: Switching to an HSA qualified High Deductible Health Plan can greatly reduce your insurance premiums.
• More Benefit Dollars to Employees: If the account is employer funded, insurance dollars can be delivered to the employee directly.
• Involved Employees: HSAs are consumer driven and allow your employees to become more involved in and responsible for their health-care.
• Tax Savings: Contributions can be made by the employer to the employees' HSA .
• Security: The HSA Audit Protection Kit™ is available to employees to make tax reporting accurate and easy*.
• Training and Support: BASIC provides the employer with an instruction kit and offers toll-free support. We also offer employee education and guidelines; we provide continual support to your employees.

Employee Benefits

• Future Savings: The BASIC HSA™ encourages savings for future medical expenses.
• Individually Owned: The employee decides:
• How much to contribute
• How much to use for medical expenses
• Which medical expenses to pay from the account
• Whether to use the money in the account or save for future use
• Which company will hold the account
• Portability: Accounts are completely portable regardless of employment status, which state the individual moves to, age or marital status changes, or future medical coverage.
• No 'Use it or Lose it' Rules: Unspent balances in an HSA remain in the account until spent on medical care. The accounts rollover year after year.
• Tax Savings: All employee contributions made to the HSA can be made with pre-tax dollars**.
• Security: HSA Audit Protection Kit™ available through BASIC. This makes your tax reporting easy to do*.
• Training and Support: We provide continual education, toll-free support, and on-line banking for employees.

*Available through BASIC for an annual fee of $60 per kit.
**Contributions may be pre-tax if employer has a premium only plan in place.

What does the BASIC HSA™ Include?

• Plan Design and Consultation
• Employer Instruction Kit
• Trust Agreements
• Electronic Set-up
• Employee Education and Guidelines

What does BASIC HSAs™ Monthly Fee Include?

• Monthly Administration
• Debit Card
• Toll-Free Support
• On-line Banking
• Accounting
• Adds and Deletes
• *HSA Audit Protection Kit
• IRS Deductible Certification Mailed Back
• Audit Guarantee
• Electronic Archive of All Receipts
• IRS Folder for Claims
• Postage Paid Envelope for Receipt Mailing

*Available through BASIC for an annual fee of $60