Marketplace

What is a Health Savings Account?

An HSA is a tax-advantaged account for the purpose of paying for eligible medical expenses. It is not an employer-sponsored health plan but rather an individually owned account. In most cases, it is usually established by and through an employer preferred HSA provider. An HSA allows contributions by the employer and employee.

Health Savings Accounts Numbers to Know:
-In order to participate in an HSA, an employee must be a participant in a high-deductible health plan (HDHP).
An HDHP, at a minimum, must provide for a deductible of at least $1,700 for single individuals and $3,400 for participants with one or more covered dependents for 2026.
-The contribution limit to an HSA for 2026 is $4,400 for single individuals and $8,750 for individuals with coverage that includes one or more covered dependents.

Why choose The Harrison Group's HSA Solution?
*First and foremost--- our award-winning customer service where we "answer your call" and not route you through endless voice prompts for questions and answers about your HSA!
*Dedicated account manager assigned to your account. And the best part-- you have direct access to them for calls and emails.
*Employee information at your fingertips on the employer and participant portals on the web or via our Mobile App.
*World-class custodian - Wex offers an HSA solution that seamlessly integrates HSAs with banking and investment services.
*Investment access to 30+ Mesirow-selected no/low load mutual funds.
*multi-account coordination with ONE HG Advantage card for all accounts, easy online enrollment, flexible contributions, convenient funds access, comprehensive reporting, and compliance & security.