The HSAToday® Solution For Employers
More and more employers are embracing Health Savings Accounts as way to manage costs and still provide a meaningful benefit plan to their employees. However, with all the rules and regulations involved, you don't want your employees left with just a bank account and a checkbook and nowhere to turn for assistance or answers to their questions.
With HSAToday®, your employees will get something that you can’t find anywhere else …
A Personal HSA Assistant
HSAToday® has Plan Service Providers (PSPs) all across the nation who are licensed to offer services that other solution providers can’t – or won’t – provide. All our participating PSPs offer comprehensive and dynamic administration of HSAs. These professionals know the rules and regulations involved and can help your employees through the process of signing up and managing their HSAs.
Why Should You Use a Plan Service Provider?
- A PSP can help you communicate the benefits of an HSA to your employees and help set up an IRS-compliant solution for running an HSA through a Cafeteria Plan, as well as help set up special HRAs and FSAs that are compatible with an HSA.
- A PSP is an independent administrator, so you can set up and/or change insurance plans without changing your HSA Administrator or HSA Custodian.
- A PSP clearly identifies which health insurance plans are HSA-compatible so you know immediately if your plan is eligible.
- A PSP can provide contribution and disbursement management, relieving you of the time-consuming hassle of account management.
- A PSP can review employee claims and certify that they are eligible expenses that can be deducted from an employee's taxes.
Why Should Your Employees Use a Plan Service Provider?
- Plan Eligibility Certification Services so they know their health plan is HSA-qualified
- Personal Enrollment Services for help setting up their HSA
- Contribution Reconciliation to make sure they don't exceed contribution limits, which could result in penalties
- Online Access where they can view their account balance, make contributions, request disbursements, select investment options, and much more
- The Claims VaultSM to store their claims online for later use (for example, to delay disbursement and build their account balance with interest, or for use in the event of an IRS audit)
- Claims Certification to give them piece of mind that their claims meet IRS requirements for tax-free status
- Electronic Funds Transfers for easy contributions and disbursements from their HSA
- Debit Card for access to their HSA funds with the swipe of a card
- Tax Form Assistance so they know they're in compliance with IRS rules and regulations
Our licensed PSPs are committed to the concept of service-driven benefit administration. When you and your employees work with an HSAToday® PSP, you get a personal HSA assistant who can help you through all stages of setting up and managing your HSA benefit plan. In other words, you form a relationship that can last a lifetime.
