Traditional health insurance plans are popular among growing and large corporations but are also gaining popularity among small business owners. Traditional health insurance plans include a variety of benefits like life insurance coverage, accidental death & dismemberment, disability plans, and paramedical coverage. Although traditional plans are more expensive than health spending accounts, they offer more coverage and offset potential larger, more expensive health expenses that your employees would not be able to afford. Plus, there are tax advantages for employers. HSA plans have grown increasingly more popular in recent years due to their flexibility in comparison to traditional benefit plans. They have a tax-free benefit for small businesses to offer their employees, without breaking the bank. Good to know HSA plans differ from traditional health insurance plans because they have a set annual maximum dollar amount set by the employer that employees can use. As an employer, you will only pay for what your employees claim so if an employee does not use their entire spending account budget, you would not have to pay.