Health Savings Accounts
Avera Health Plans — One team. Connected. Caring for you.
3816 S. Elmwood Ave., Suite 100
Sioux Falls, SD 57105-6538
AveraHealthPlans.com
605-322-4553
Toll-free: 1-877-322-4885
AveraHealthPlans.com
605-322-4553
Toll-free: 1-877-322-4885
Employee’s Paycheck Without
Money Withdrawn for HSA
When you choose us for your Health Savings
Account, we facilitate the setup of your employees’
Health Savings Account at Healthcare Bank, a
trustee integrated with your Avera Health Plans
Health Savings Account administrative account.
FICA Taxes on Paycheck
Employees will have access to a secure, easy-to-use website
where they track their account balance, view investment
accounts and submit requests for reimbursements.
Participants also will receive a prepaid benefit card, which
works like a debit or credit card. This allows ease of use when
paying for eligible medical expenses and removes the need to
submit receipts to verify purchases.
Federal Unemployment Tax Liability
Benefits to the Employer
Employee Paycheck
Employee’s Paycheck With
Money Taken Out for HSA
With a Health Savings Account (HSA),
you can empower your employees to gain
greater control of their health care choices,
spending and saving wisely for a healthier
future.
HSA Money Deducted from Paycheck
A Health Savings Account is combined with a
High-Deductible Health Plan (HDHP) that allows
your employees to use pre-tax dollars to pay for
eligible out-of-pocket medical expenses. This means
you reduce FICA and federal unemployment tax
liability from money taken out pre-tax for Health
Savings Account contributions.
Less FICA Taxes on Paycheck
Employees plan
for future
Deduct contributions made
to employee’s account
24/7 access to account
Promote better health
More flexibility
Focus on preventive care
Employee payroll deductions are used to setup
accounts on behalf of employees. You then deduct
the contributions you make to your employee’s
Health Savings Account.
Less Federal Unemployment Tax Liability
In addition to saving on money that is pre-tax,
High-Deductible Health Plans cost less because the
deductible is higher. At the same time, you will be
helping your employees by increasing their flexibility
when it comes to health care expenses and giving
them a savings option that grows tax-free from year
to year to cover eligible health expenses.
Increased Take-Home Paycheck
15-AVHP-2053
Learn More
If you are interested in offering a HRA at your business, please contact your local
agent or Avera Health Plans at [email protected] or call us at
605-322-4553 or toll-free at 1-877-322-4885.
Employee’s Paycheck Without
Money Withdrawn for HSA
When you choose us for your Health Savings
Account, we facilitate the setup of your employees’
Health Savings Account at Healthcare Bank, a
trustee integrated with your Avera Health Plans
Health Savings Account administrative account.
FICA Taxes on Paycheck
Employees will have access to a secure, easy-to-use website
where they track their account balance, view investment
accounts and submit requests for reimbursements.
Participants also will receive a prepaid benefit card, which
works like a debit or credit card. This allows ease of use when
paying for eligible medical expenses and removes the need to
submit receipts to verify purchases.
Federal Unemployment Tax Liability
Benefits to the Employer
Employee Paycheck
Employee’s Paycheck With
Money Taken Out for HSA
With a Health Savings Account (HSA),
you can empower your employees to gain
greater control of their health care choices,
spending and saving wisely for a healthier
future.
HSA Money Deducted from Paycheck
A Health Savings Account is combined with a
High-Deductible Health Plan (HDHP) that allows
your employees to use pre-tax dollars to pay for
eligible out-of-pocket medical expenses. This means
you reduce FICA and federal unemployment tax
liability from money taken out pre-tax for Health
Savings Account contributions.
Less FICA Taxes on Paycheck
Employees plan
for future
Deduct contributions made
to employee’s account
24/7 access to account
Promote better health
More flexibility
Focus on preventive care
Employee payroll deductions are used to setup
accounts on behalf of employees. You then deduct
the contributions you make to your employee’s
Health Savings Account.
Less Federal Unemployment Tax Liability
In addition to saving on money that is pre-tax,
High-Deductible Health Plans cost less because the
deductible is higher. At the same time, you will be
helping your employees by increasing their flexibility
when it comes to health care expenses and giving
them a savings option that grows tax-free from year
to year to cover eligible health expenses.
Increased Take-Home Paycheck
15-AVHP-2053
Learn More
If you are interested in offering a HRA at your business, please contact your local
agent or Avera Health Plans at [email protected] or call us at
605-322-4553 or toll-free at 1-877-322-4885.
Health Savings Accounts
Avera Health Plans — One team. Connected. Caring for you.
3816 S. Elmwood Ave., Suite 100
Sioux Falls, SD 57105-6538
AveraHealthPlans.com
605-322-4553
Toll-free: 1-877-322-4885
AveraHealthPlans.com
605-322-4553
Toll-free: 1-877-322-4885