In recent years, many employers have shifted from making most benefit-related decisions on behalf of their employees toward providing employees with the tools and knowledge they need to make their own informed health, wealth, and career/life-related decisions. Armed with the right knowledge, employees are better equipped to make decisions that are both in their own best interests and in the best interests of their employers.
Increasingly, employers are offering High-Deductible Health Plans (HDHPs) along with Health Savings Accounts (HSAs). Why? HSA-qualified HDHPs come with higher deductibles, and therefore typically have lower premiums for employees than more traditional plans and can reduce employer health care costs almost immediately. In fact, employers often make contributions to their employees’ HSAs with the savings realized from offering their HDHPs.