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    HSA Self-Employed

    Benefits
    • Deposits are 100 percent tax-deductible for the self-employed and can be easily withdrawn by check or debit card to pay routine expenses with tax-advantaged dollars.
    • Larger medical expenses are covered by a low-cost, high-deductible health insurance policy.
    • What is not used from the account each year stays in the account and continues to earn interest on a tax-favored basis to supplement retirement, similar to an IRA.
    • Most claims are paid from the HSA, not the plan, keeping your claim ratio low.
    • Lower claims most often translate to lower premium rate increases.
    • Future rate increases, if any, are based on lower premiums.
    • Employees are more aware of the cost of healthcare expenses.
    • Insurance premium savings can fund a direct employee benefit—the HSA or other wellness programs.
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