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| Topic: |
Business
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| Number of pages / Number of words: |
16 / 4306 |
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$185 or the $325 health plan election credit6 per month will go towards purchasing coverage under the high deductible plan and KenCrest will contribute the remaining $140 of the credit into the employees HSA. The HSA provides a tax-free savings vehicle for medical expenses. Employees are not obligated to use the money contributed each calendar year in that year...
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Employees are not obligated to use the money contributed each calendar year in that year. The money can remain in the account and earn interest until the employee needs it. At the age of 65, the account can continue to be used for medical expenses or as retirement savings. Employee contributions start at $158/mo for a single employee and as high as $465/mo for a family...
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