HSAToday® Features
With the right tools and knowledge to manage your HSA account, you become empowered as an active and engaged consumer of healthcare.
Therefore, HSAToday® has created some helpful tools to put you in charge of your own healthcare spending decisions:
The ClaimsVault® — This patent-pending technology is an electronic repository where you can store your receipts indefinitely.
Online Access— A secure web portal lets you access and manage your account from your computer.
Investments— The HSAToday® Investment Program offers qualified account holders a diverse range of investment alternatives to choose from.
Debit Card— An electronic payment card allows you to access your HSA funds with the swipe of a card.
In the past, people have had to resort to tossing their receipts in shoeboxes, resulting in a jumble of papers in the back of closets all across America. Now, with the ClaimsVault®, you can access your receipts quickly and easily with a few clicks of the mouse.
With the patent-pending ClaimsVault®, expenses incurred today can be reimbursement decades later, allowing you to build up interest tax-free and ensuring that you do not miss out on any of the tax-advantaged benefits of your HSA. HSAToday® is the only solution in the marketplace that offers this service.
Two ClaimsVault® options within HSAToday® are available.
Option 1 …This option allows you to store your own claims and receipts in the ClaimsVault® and self-attest the validity of your claims OR request personal assistance from your Plan Service Provider for certification of the claims.
Option 2 ... This option provides greater integrity of the data being stored in the ClaimsVault®. A licensed PSP serves as your Personal HSA Assistant by providing certification on all claims. Self-attestation is not available in this option. All claims posted require PSP certification, providing you the peace of mind of knowing all your information is accurate when it comes time to file taxes or if your account is ever audited.
Your Plan Service Provider can advise you which option is available to you.
Online Access
Complete Account Management At Your Fingertips
One of the goals of HSAToday® is to empower you with the tools and information you need to make wise and informed decisions about your healthcare. Therefore, HSAToday® provides you with a secure web portal for 24/7 access to:
- Account Balances and History
- Online Claims Storage Through the ClaimsVault®
- Deposit & Withdrawal Capabilities
- Important Forms & Documents
- Up-to-Date Payment History
- Recent News and Benefits Updates
- Account Statements
- Investment Options
Investments
The HSAToday® Investment Program offers qualified account holders a diverse range of investment alternatives to choose from, along with four professionally managed model portfolios that support varied investment objectives and risk tolerance.
What Are the Benefits of Investing Your HSA Funds?
Whether you are a current HSA account holder or you are just now enrolling, it’s a good idea to consider investing some of your account funds. Here are just a few reasons why:
- Tax-Free Investments
- All contributions and earnings in your HSA are considered tax-free by the IRS and will not be taxed unless you withdraw them for non-medical reasons.
- All contributions and earnings in your HSA are considered tax-free by the IRS and will not be taxed unless you withdraw them for non-medical reasons.
- Portability
- There is no use-it-or-lose-it rule associated with HSAs. HSAs are owned by the account holder and roll over year after year. Even if you change jobs, the money in the account is yours to keep.
- There is no use-it-or-lose-it rule associated with HSAs. HSAs are owned by the account holder and roll over year after year. Even if you change jobs, the money in the account is yours to keep.
- Flexibility
- You can change the amount you want to invest and the way the funds are invested. And you can always access the money in your account if the need arises.
- You can change the amount you want to invest and the way the funds are invested. And you can always access the money in your account if the need arises.
- Multiple Investment Options
- You can pick from one of four investment models or create your very own custom investment portfolio.
Debit Card
Access Your HSA Funds With the Swipe of a Card!
This MasterCard® debit card virtually eliminates:
- Out-of-Pocket Expenses
- Claim Forms
- Reimbursement Checks
The mySourceCard® debit card transfers funds directly from your HSA to qualified providers with no out-of-pocket cost and no need to file a claim for reimbursement.
You can use the mySourceCard® at any qualified service provider that accepts MasterCard® for eligible healthcare expenses to take advantage of:
- Instant access to funds – payment comes directly from your HSA — no more paying cash out of your pocket
- Freedom from virtually all claim forms and reimbursement checks
- Online access to real-time account information — allowing you to check your balance at any time
How Does the Card Work?
For the most part, the mySourceCard® works just like any other debit card, except for three important differences:
- It is limited to specific merchants and eligible expenses.
- You can’t use it at an ATM or for “cash back” when making a purchase.
- There is no PIN. When given the option between debit and credit, choose credit.
For more information on mySourceCard®, visit www.mysourcecard.com
NOTE: This card is intended to have limited utility. At the request of Benefit Bank, use of this card is authorized for specific types of purchases as set forth in your plan document[s]. It cannot be used at other MasterCard® acceptance locations. No cash access. Datapath Inc. is an authorized representative of Benefit Bank, the issuing bank for the mySourceCard®.
