How HSA On Demand Helps Families Every Day
No one likes paying more than required for taxes, or hefty out-of-pocket medical expenses. With a Health Savings Account, you can take advantage of tax savings while building up funds to cover future medical expenses.
But what if it’s your first time enrolling into a High Deductible Health Plan and you’re worried about high upfront expenses?
This is where HSA On Demand® from ConnectYourCare can provide an added value to your Health Savings Account…
Through HSA on Demand, you can access your future Health Savings Account contributions whenever you need extra funds to pay for qualified medical expenses and avoid out-of-pocket costs! Funds are automatically accelerated when needed for an eligible expense, right at the point of sale. You can ultimately take comfort in knowing your expenses are covered.
Let’s say, for example, you need $40 to pay for a doctor’s visit and a prescription. Your HSA balance is $0 at the beginning of the plan year…but that doesn’t matter. Luckily your employer offers HSA on Demand, and when you go to swipe your Health Savings Account payment card to cover the visit and the prescription, the funds are there. Nothing to pay out of pocket! The accelerated funds will be paid back through future account contributions.
And what if you don’t have any upfront medical expenses to manage? Your account contributions will continue to accrue, and can be carried over year after year…even through retirement!
HSA on Demand: simple, convenient, and offering peace of mind.