High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs) have long been considered important to employers’ overall health and welfare benefit programs. Employers may consider offering HDHPs and related HSAs under their benefit plan due to the reduced administrative burden related to HSAs, as the account is owned by the employee HSA account holder. Employees may also benefit from HSAs due to their tax-favored status under the Internal Revenue Code. Although HSAs have their advantages, these advantages also come with a complex regulatory environment for both employees and employers alike.
