Health Savings Account

HSA’s help employers and employees reduce healthcare costs when paired with a qualified high-deductible plan (HDHP). This is the most powerful pre-tax investment vehicle, offering 7.65% greater savings than a 401(k) at time of deposit and the ability to be taxed as ordinary income after age 65 upon withdrawal. Most people use them as a spending account, but investments are on the rise!

What is an HSA ?

A portable individual-owned bank account that allows pre-tax contributions, tax free interest, and tax free withdrawals for qualified expenses.

SERVICES

How it Works?

Employee enrolls in HDHP and an HSA. Employee, employer, or both contribute money, which is placed in a custodial account. Employee spends money on qualified expenses and grows the account balance, which they can invest and use later.

Employees Benefits

Maximize healthcare savings for the future

Market leading interest rates on secure, FDIC-insured deposits

Investment options with best in class mutual funds

No fees for online account use

Store and view real-time healthcare spending information on our 24/7 online dashboard

Employers Benefits

Manage plan design and option configuration based on our experience with employers and best practices across the country

Educate staff through training on products, launch, enrollment, payroll and reporting

Receive insightful data regarding utilization of the accounts in your population through trend reporting