Because an HSA must be coupled with a QHDHP, the health insurance premiums can be substantially lower. Employers often find that these premium savings are large enough to cover the HSA contributions they make on behalf of their employees, without increasing their current outlay for health care benefits. Since HSA contributions are tax-deductible, you may realize significant savings.

While the QHDHP required to offer an HSA will save you money, using an HSA administrator will save you time. The HSA administrator manages all aspects of the plan including enrollment, distribution of funds, and providing monthly statements to your employees. In addition, if you use the HSA administrator recommended by Assurant Health in combination with an Assurant QHDHP, no administrative fee will be charged.