The process for setting up an employee health savings account is simple
Determine your Plan Eligibility
Enroll your team in an HSA-eligible plan option. For large employers, this is usually a group-sponsored health insurance plan.
Encourage your Employees to Open an HSA
Unlike FSAs, HSAs are owned entirely by the individual, or in this case, the employee. The first step in this process is fully explaining the tax benefits of HSAs to your team.
Decide how much to Contribute
This can be $0, or it can be any amount up to the contribution maximum. Contributions made towards an employee’s HSA are income tax-deductible.
Work with an HSA Administrator to manage contributions & tax liability
If you choose to contribute towards an employee HSA, the entire process can be administered by the financial institution that opened the account
How to Set up an HSA for Small Business and Employees 2021 Update