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TASC HSA

HSAs are Quickly Becoming the Tax Benefit of Choice... and TASC Offers FREE HSA Administration!

Employees covered under a High Deductible Health Plan (HDHP) are eligible to participate in an HSA -- a tax-advantaged savings and investment vehicle that offers three separate tax benefits:
* Contributions are pre-tax
* Withdrawals for qualified expenses are tax-free
* Earned interest on investment funds is tax-free

TASC offers FREE HSA administration and delivers value-added features to ensure optimal customer experience:
- HSA Trustee – TASC HSA pairs with any carrier HDHP allowing participants HSA account consistency even if you change carriers. Unlike bank HSAs, we understand the regulations tied to HSAs and participants have access to the industry services leaders for all their eligibility questions.
- Interest Earning Accounts – HSA funds earn interest on both their cash account and investment account. Cash accounts earn interest which is applied quarterly. Investment accounts earn dividends, which work the same way as interest, except earnings on dividends fluctuate based on market performance. Employees can choose a maximum cash balance to quickly retrieve HSA funds for medical expenses and have any excess HSA funds automatically swept into investment accounts.
- Enrollment Education – TASC’s electronic employee HSA Guide outlines HSA benefits and IRS regulations to help increase employee understanding and participation.
- Electronic Files (EDI) – We accept feeds from a wide variety of systems helping simplify enrollment, ongoing eligibility management, and payroll deductions.
- Guaranteed Compliance – Our compliance experts ensure that your plan adheres to the ever-evolving regulations governing tax advantaged Universal Benefit Account.