HSAs go above and beyond traditional benefits plan and cover just about anything tied to health:
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Prescription drugs
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Dental care
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Medical expenses
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Vision
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Chiropractic
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& more...
How it works
Joe’s a local farmer. He just got $2000 worth of dental work done, and wants his HSA to cover it.
- Joe pays the bill on his personal mastercard, and receives a receipt.
- Joe completes a claim form and sends it in.
- His incorporated farm pays $2000 to the insurers, along with a $200 service charge.
- The insurer reimburses Joe the $2000 he originally spent.
- The corporation uses the full $2200 as a business expense.
To better understand how versatile HSAs are, give us a call and we’ll walk you through how HSAs put you and your employees in the driver’s seat.
