Health Savings Accounts (HSAs)
Employees are embracing Health Savings Accounts (HSAs) at a very quick pace as they shift towards lower-premium High Deductible Health Plans (HDHPs). The flexibility of this Consumer Driven Account (CDA) makes it one of the most cost-effective ways to pay for qualified healthcare expenses and people are taking notice. Each year, HSAs are more prevalent in the healthcare and financial industry news as a great strategy to set money aside to pay for qualified expenses now and in retirement.
Employer HSA Features:
- Online management
- Efficient contributions
- Integrated enrollment
- Dedicated service
Your client's employees receive a seamless HSA experience that allows them to take advantage of everything an HSA plan offers, including:
- Online access with real-time account information
- Options to submit claims online and pay providers directly
- Unlimited, free debit cards
- Online investment services
- Personalized customer service
- Interactive calculators and decision-support tools
- Featured partners with additional savings tools
View More Plan Features
Online Administrative Controls
- Secure web portal to manage administration tasks
- Update employee status and track enrollment rates
- Download funding and contribution reports
- Access educational resources
Managing Contributions
- Establish funding directly with business bank account(s)
- Upload files for simplified funding via EFT
- Set automated, scheduled contributions
- Utilize online contribution tools
Personalized Service
- Live one-on-one customer care with dedicated HSA specialists
- E-News to stay informed with product updates
- Online educational resources and guidance
- Featured partners with additional services for employees
Health Savings Account (HSA) FAQs
Here are the answers to some Frequently Asked Questions (FAQs).
These will help you better understand this product and its primary functions.