Health Savings Accounts (HSAs)

Employees are embracing Health Savings Accounts (HSAs) at a very quick pace as they shift towards lower-premium High Deductible Health Plans (HDHPs). The flexibility of this Consumer Driven Account (CDA) makes it one of the most cost-effective ways to pay for qualified healthcare expenses and people are taking notice. Each year, HSAs are more prevalent in the healthcare and financial industry news as a great strategy to set money aside to pay for qualified expenses now and in retirement.
 

Employer HSA Features:

  • Online management
  • Efficient contributions
  • Integrated enrollment
  • Dedicated service

Your employees receive a seamless HSA experience 
that allows them to take advantage of everything an HSA plan offers, including:

  • Online access with real-time account information
  • Options to submit claims online and pay providers directly
  • Unlimited, free debit cards
  • Online investment services
  • Personalized customer service
  • Interactive calculators and decision-support tools
  • Featured partners with additional savings tools

Plus, we are an integrated HSA vendor with compatible Blue Cross and Blue Shield (BCBS) group plans in IL, MT, NM, OK & TX.

The integration includes enrollment and eligibility data for any BCBS members who are enrolled in an HSA-qualified high deductible health plan (HDHP). Flex is automatically notified about qualifying BCBS members from a group client and coordinates HSA enrollments directly with the members.

Once enrolled, BCBS members can then easily access their HSA online at myflexaccount.com with a single click from the Blue Access for Members (BAM) web site. They do not need to provide additional sign-in credentials to get to their HSA from Flex. Learn more now!

 

View More Plan Features

Online Administrative Controls

  • Secure web site to manage administration tasks
  • Update employee status and track enrollment rates
  • Download funding and contribution reports
  • Access educational resources

Managing Contributions

  • Establish funding directly with business bank account(s)
  • Upload files for simplified funding via EFT
  • Set automated, scheduled contributions
  • Utilize online contribution tools

Personalized Service

  • Live one-on-one customer care with dedicated HSA plan specialists
  • E-News to stay informed with product updates
  • Online educational resources and guidance
  • Featured partners with additional services for employees

What is an HSA?

Does an HSA pay for the same things that regular insurance pays for?

What is included as “qualified medical expenses”?

What happens if the money in the HSA is not used for qualified for medical expenses

Who can contribute to an HSA?

 

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