Contributing to a Health Savings Account helps to offset out-of-pocket medical expenses when you have medical coverage through a High Deductible Health Plan (HDHP).
HDHP plans usually cost less out of each paycheck, but have higher deductibles you need to pay before your health insurance begins to provide benefits. Enter the power of an HSA paired with your High Deductible Health Plan!
WHAT IS A HEALTH SAVINGS ACCOUNT?
A Health Savings Account (HSA) is a pretax medical savings account in which you set aside pretax money out of your paycheck to cover out-of-pocket health care expenses. An HSA can be used to pay for qualified medical expenses, such as medical copays, deductibles and coinsurance, dental and vision care, prescription drugs, and common over-the-counter medicines.
Like a regular savings account, contributions are held in a bank account and your HSA earns interest. Some plans also allow you to invest your funds in mutual funds and other investments.
You can only have an HSA if you are enrolled in a High Deductible Health Plan.
Flex Made Easy HSA
Flex Made Easy offers a full service HSA solution that provides comprehensive administration, compliance, and investment management services. Automatic monthly reports, email alerts and other services for virtually paper-free administration.
Multiple Contribution Methods: Lump sum, first-of-the-month, or payroll cycle contributions, including mid-year enrollments
Multiple Options for 24/7/365 Account Management: Online Portal and Mobile App (Apple® or Android)
Multiple Investment Options: No fees for trades
Multiple Methods to Make a Claim: Use the Flex Made Easy HSA Visa® debit card received upon Plan enrollment and conveniently pay for eligible out-of-pocket HSA expenses. With Flex Made Easy Online Bill Pay, reimbursements can be received via direct deposit or check by mail.
With Flex Made Easy Online Enrollment, you can open an account, set up direct deposit, and direct funds into top-rated investment accounts. You can also access Flex Made Easy Customer Support, and representatives are available to help you with any questions.