Reduce health benefit costs
Health savings accounts (HSAs) offer special tax treatment that make them an especially desirable way to save for current health care expenses – and the ones that will crop up in retirement.
For employers, Nationwide’s health and wealth package offers a solution that can help reduce FICA taxes, as there are no Social Security and Medicare taxes on payroll deposits to participants’ HSAs.
The Nationwide HSA is carrier-neutral, so if you switch health insurance providers, your HSA program remains intact.
Help employees secure a path to healthy retirement readiness
When you add the Nationwide® HSA, administered by HealthEquity®, you’ll be offering a package that combines two long-term solutions into one streamlined savings experience. Plan sponsors get resources designed to:
- Educate participants about how to plan for and benefit from the triple tax advantages of HSAs*
- Give participants a holistic view of their retirement savings needs
- Build confidence in planning for current and future medical bills
Nationwide’s health and wealth package enables participants to better understand their needs and take more effective steps toward achieving retirement readiness.