Feb 16, 2022
To maximize the value of high-deductible health plans (HDHPs), employers can implement health savings account (HSA) best practices. These HSA tips come from the National Pharmaceutical Council and Gallagher Research:
- Offer ongoing education that emphasizes retirement and tax-free advantages of HSAs
- Offer real-time pharmacy tools that provide the prices of medications at various locations
- Cover preventive care medications pre-deductible as fully as HSA federal regulations allow
- Offer tools that allow enrollees to estimate costs for medical appointments and procedures
- Offer HSA contributions
- Offer an investment option as part of the HSA
- Offer an alternative plan design in addition to HDHPs
- Offer additional HSA contributions based on employee actions
- Front-load HSA contributions
