No, but it is a best practice. It also encourages employees to open an HSA and help them save for future healthcare expenses.
Updated:Other articles in this section:
- How do I enroll employees in the Dashboard?
- How do I terminate employees in the Dashboard?
- What happens when my employee leaves the company or the health plan?
- How can I remove an employee if they never completed their enrollment?
- How can I reactivate the account of a previously terminated employee?
- How do I schedule employer contributions for all employees in the Dashboard?
- How do I schedule employer contributions for one employee in the Dashboard?
- How do my employees change their contribution election?
- How often can employees change their contribution election?
- What if my employee has received an incorrect contribution?