Rising premiums, high deductibles, and mounting out-of-pocket costs are squeezing healthcare budgets for both employers and employees alike. But traditional health insurance is not the only way to provide healthcare benefits to your organization. Thanks to a growing number of alternative health plans, Iron Plan Solutions can help you give your employees options that can cost less and may work better for everyone involved.
Qualified high-deductible health plans (HDHPs) alongside health savings accounts (HSAs) allow employees to contribute pre-tax dollars to an HSA investment account with the potential for tax-free earnings. As long as these accounts are used to pay for deductibles, co-pays, and other qualified medical expenses, taxes will never be due on these accounts, giving them a triple tax advantage.
