HSA Administration Summary

HSAs allow employees, covered by high deductible Health Plans, to receive tax-preferred treatment of money saved for medical expenses. To facilitate Health Savings Accounts, Medcom Benefit Solutions has selected PNC as the fiduciary with which to partner for providing streamlined administration of Health Savings Accounts for employers and their employees. Flexible funding methods easily accommodate employer-originating contributions and/or employee contributions on a pretax payroll deduction basis. The employee-owned individual accounts are administered at low cost and offer higher interest yielding investment options at low deposit thresholds.

Medcom Benefit Solutions provides a comprehensive and easy to use solution for your HSA needs. With a low balance requirement to invest funds and over 21 different mutual funds, employees can easily setup their HSA to make money for them!
• Low balance requirement for investments
• Over 20 different mutual funds
• One debit card solution
• Responsive team of professionals
• Compliance focused
• Experienced customer service
• User friendly self-service options

About Medcom Benefit Solutions

For 35 years, Medcom Benefit Solutions has been a leader in employee benefit administration, ERISA Compliance, and consulting services providing exceptional service. Medcom Benefit Solutions' expert consultative services provide a comprehensive approach to ERISA Compliance, in addition to, the administration of COBRA, Retiree Billing, Flexible Spending Accounts, Commuter Benefits, Health Savings Accounts, and Health Reimbursement Arrangements.

As regulatory compliance continues to increase in complexity, Medcom Benefit Solutions has designed a streamlined approach to our regulatory compliance services including but not limited to, Form 5500 Reporting, Wrap Documents, Nondiscrimination Testing, ERISA Compliance Reviews, and educational training sessions.

We have also expanded our services to include solutions to help employers meet the requirements of Health Care Reform, including a full-service ACA Employer Reporting solution, Full-Time Eligibility Tracking, consulting, and ACA Penalty Appeal Support services.

More recently, Medcom Benefit Solutions has also developed a division dedicated to HIPAA compliance. Our team of HIPAA experts provide Privacy and Security Training, HIPAA Privacy Policy Documentation Packages, HIPAA Compliance Reviews, and a Total Solution package.

We are also a certified broker support partner with Employee Navigator, which allows us to assist brokers with plan setup for the benefits that we administer, such as FSA, HRA, HSA, DCAP, and Commuter Benefits, as well as COBRA administration. This access also allows Medcom Benefit Solutions to assist broker partners in collecting certain data from the Employee Navigator system in an effort to reduce the data collection process for brokers and employers.