Health coverage and HSA from Priority Health
Lower your costs & give employees more control over their health care spending
PriorityHSA
SM combines an employee-owned health savings account (HSA) with a high-deductible health plan (HDHP). Employees must pay 100% of their covered medical costs (except for preventive care services) and prescription drug costs (at Priority Health's discounted rate) until they meet the plan's deductible. Because their health care funding is coming from their pockets they pay closer attention to their spending and overall wellness.
The immediate result? Lower monthly premiums for your company.
The long-term result? Lower health care costs and improved health for your employees.
PriorityHSA features & advantages
- Your employees may open a health savings account they own and can build their balance over time to cover current and future health care costs
- Expert plan administration from Priority Health
- Flexibility to pick your bank or credit union to administer your bank account
- Preventive care is 100% covered (even before the deductible is met) when employees use doctors and other health care providers in the Priority Health network
- Your choice of PriorityHMOSM, PriorityPPOSM or PriorityPOSSM as your HDHP to pair with the HSA
- Employees can make set HSA contributions to ensure they have money set aside to pay for qualified medical expenses
- You may decide to deposit a gift contribution into your employees' accounts.
- Triple tax advantage for employees: all contributions, account earnings and money withdrawn to pay for eligible medical expenses are tax-free
- Total annual employer and/or employee HSA contributions are set by law
- Emergencies and urgent care are covered wherever employees travel
- Can be used with PriorityFSASM Limited, our limited flexible spending arrangement
- Web tools such as interactive assessments, medical libraries, a prescription drug price comparison tool and more to help employees understand their health needs and choices.
Is an HSA right for you?
PriorityHSA plan administration
