Marketplace

Health Savings Account (HSA)

Health Savings Accounts (HSAs)
Tax-Advantaged Savings for High-Deductible Health Plans

A Health Savings Account (HSA) is a tax-advantaged account available to individuals enrolled in a high-deductible health plan (HDHP). Contributions are exempt from federal income tax and, unlike FSAs, unused funds roll over annually.

Why Choose HSAToday Through HRAdministrators?

HSAToday HSAs offer more than basic banking. Due to regulatory, tax, and investment complexities, specialized administration is essential. HRAdministrators provides:

Account Holder Services

Account Holders enjoy 24/7 online access to their HSAToday account.

• Easy application process
• Personalized support
• Secure Claims Vault for receipts
• MasterCard debit card for eligible expenses
• On-line distribution requests
• Direct deposit or check disbursements
• Investment or savings options
• Rollover and trustee-to-trustee transfers from existing H.S.A.
• On-line statements and tax forms.

Employer Services:

• Liaison between the Employer and the the Custodian
• Deposits made via payroll or on-line portal
• Year-End reminder for reconciliation of funds
• Issuing of 1099 Tax Forms
• Issuing of 8889 Tax Forms