Health savings accounts
Paired with a high-deductible health plan, an HSA gives employees a tax-advantaged way to pay for care now and save for later.
Save for care now and later, tax-free.
How does an HSA work?
A health savings account (HSA) is an employee-owned account paired with an HSA-qualified high-deductible health plan. Contributions go in pre-tax, grow tax-free and come out tax-free for qualified medical expenses. Unlike an FSA, the balance rolls over every year and stays with the employee if they leave. The IRS sets annual contribution limits, and employers can contribute too.
How we help
Plan design
Choosing an HSA-qualified plan and deciding how much, if anything, you contribute.
Account set-up
Selecting an HSA custodian and setting up payroll contributions through your Section 125 plan.
Telehealth
HSA-qualified plans can cover telehealth before the deductible without affecting HSA eligibility.
Employee education
Showing employees how to save, invest and use their HSA, at open enrollment and all year.
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Frequently asked questions
Who can contribute to an HSA?
Anyone covered by an HSA-qualified high-deductible health plan who has no other disqualifying coverage (such as a general FSA or Medicare) and isn't claimed as someone else's dependent.
Does HSA money expire?
No. The balance rolls over every year and belongs to the employee, even after they leave your company.
Can employees use HSA money for telehealth?
Yes. Telehealth is a qualified medical expense, and HSA-qualified plans may cover it before the deductible without affecting eligibility.
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