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Celebrating 20 Years of Health Savings Accounts

Benefit Resource Inc.

Introduced in 2003 as part of the Medicare Prescription Drug, Improvement, and Modernization Act , HSAs have evolved to become a crucial component of healthcare and financial planning strategies. Key Benefits of HSAs Tax Advantages: One of the main attractions of HSAs is their triple tax advantage.

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5 Signs Your Company Is Paying Too Much for Health Care

Insperity

In 2003, 25 to 27 percent of premiums and 33 to 37 percent of claims are the insurer’s administrative fees, according to the Small Business Association’s Study of the Administrative Costs and Actuarial Values of Small Health Plans. Extremely low deductibles and copays. A flood of administrative fees. Paying multiple insurers.