HSA-Eligible Plans Large Business Groups
Health Savings Accounts (HSA) are tax-exempt accounts created for the purpose of paying for qualified medical expenses.
The health savings plans feature offered by RMHP offer either a PPO or HMO plan design. In addition, our Rocky Mountain Good Health Savings Plans are High Deductible Health Plans (HDHPs) and come as IRS-qualified.
Allowing your employees to contribute and set up to a tax advantaged HSA through the HDHP option can help them to pay for qualified medical expenses. Some of the benefits of the Colorado HSA health plans for large business groups include:
- Contributions to your employees’ HSA accounts are tax deductible
- All interest earned on a Rocky Mountain Good Health Savings Plan is entirely tax-free
- All withdrawals from the HSA and put to use to cover qualified medical expenses is tax-free
Rocky Mountain Health Plans has partnered with Bancorp Bank to offer HSAs to our members who are currently enrolled in a Rocky Mountain High Deductible Health Plan.
Information on Health Savings Accounts
Good Health Savings Plan Comparison for Large Business Groups
To review specific deductible information for each Colorado Good Health Savings Plan we offer, review our HSA-Eligible Plan Comparison Grid.
For more detailed information, please contact RMHP
or your insurance broker today.