A Health Savings Account (HSA) offers employees maximum control over their health care decisions, options for investing HSA balances, and valuable tax savings. For employers, an HSA is a very smart way to curb runaway costs while preserving the benefits that workers need.
Because Health Savings Account Plans are owned outright by the individual—including employer contributions from the time of deposit—employees make independent decisions around the disbursement, saving or investment of their funds.
Contributions to an HSA reduce taxable income and the interest earned on HSA balances and investments is tax free. The result is “triple” tax savings: contributions, interest from investments, ongoing and future qualified distributions can all be tax-free under normal circumstances.
Employees are able to save their HSA money until they hit retirement, maximizing the advantage of any investment gains a larger HSA balance might offer over the intervening years.
Not all HSAs are alike. Health Savings Accounts from ConnectYourCare offer some unique products and important advantages:
ConnectYourCare uses today’s technology (including mobile apps and text alerts) to create a straightforward experience for individuals, administrators, employers, and health care providers. We routinely get high marks from users who find our website and apps very easy to use – whether it’s for taking care of everything from an electronic bill payment to their doctor to choosing one of our blue-chip investment options.
HSA balances can be invested in a variety of ways, to help a person’s account work even harder (and tax-free) over time. Several blue-chip options are available.
Our 24/7, U.S.-based customer service operation has earned outstanding satisfaction rates from employers and participants alike.
For ease-of-use and automated recordkeeping, nothing compares to the convenience of a payment card. As simple as a credit card—with the added benefit of a tax-ready audit trail.
Help participants maximize their HSA potential with HSA Academy, featuring HSA 101 videos, must-know account facts, and our brief "Think You're an HSA Genius?" quiz.Learn More
This unique benefit ensures HSA funds are available when they're needed most.Learn More
A “personal assistant” for health expense reimbursements that helps track and document when personal funds are used to pay medical expenses.Learn More
Confused by the new health care options? This helps you master key concepts and ask all the right questions.Learn More
Our accounts include features that save everyone time and maximize the value of the account for employees.Learn More
Compare the cost of a traditional health insurance plan against an HSA-compatible HDHP.Learn More