HSAs allow for individuals to save for future medical expenses on a tax-advantaged basis when enrolled in a qualified high deductible health plan (HDHP).  Keller assists our clients with the design and management of high deductible health plans and HSA contributions.  

There are several ways to contribute to an HSA, such as tax-free employer contributions, pre-tax payroll deductions, or direct contributions with a deduction on the individual’s federal tax return.  The combined total contribution to the HSA cannot exceed the IRS limits.  Individuals may be required to stay covered under a HDHP for a certain period of time in order for HSA contributions to be tax advantaged. Keller can educate your employees on HSAs including contribution limits, distributions, penalties and taxation.

For more detailed information regarding HSAs, please contact your Keller consultant or visit the Client Portal.