HSAs Made Easy

If you have a High Deductible Health Plan (HDHP), HSAs are a great way for employees to save money and plan for their healthcare needs, now and in retirement. With their triple-tax advantage, HSAs are quickly becoming one of the most popular employee benefits.

Flex makes HSA administration easy for employers. Our industry-leading technology gives your employees the tools and resources they need to get the most from their HSA. Plus, our unparalleled service ensures a stress-free benefits experience for you. We take the hassle out of benefits administration so that you can worry about more important things.

Everyone Benefits with an HSA

Employees aren't the only ones who save...

Employer contributions to the HSA are tax-deductible, and both employer and employee contributions avoid Medicare and Social Security taxes. HSAs can also reduce your premiums, as HDHPs usually have lower premiums than traditional health plans.

Plus, employees who have an HSA are typically more cost-conscious consumers who have lower healthcare costs, which can translate to even more premium savings are renewal time.

Triple-tax savings for employees...

HSAs present many benefits for employees as well. Not only are HSA contributions tax-free, but balances roll over from year to year, earn interest and can be invested. They are also a great retirement savings vehicle. Unlike a Traditional IRA or 401(k), distributions from an HSA are not taxed if used for qualified healthcare expenses in retirement.

For those employees who need to spend their HSA funds on their current healthcare costs, the HSA is a family affair. Employees can use the HSA to pay for eligible expenses for their spouses or dependents-even if they aren't covered by an HDHP.

Flex HSA Features

• Carrier claims and eligibility integration available
• Free debit cards
• Pay providers online
• Full integration with Flex FSAs, HRAs, and Commuter Plans
• Employer portal with easy online enrollment, contributions, plan management, and reporting
• User-friendly employee portal and mobile app
• Online investment account available

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