Health Savings Accounts (HSA)
The newcomer on the block (enacted in December 2003), an HSA is an actual savings account maintained at a bank or other qualified institution, as opposed to a notational arrangement between the employer and the participant. The HSA can be funded by anyone – not just the account holder or the employer. There is also no “Use-it or Lose-it” rule. Finally, the HSA funds can be used to pay for anything, although non-qualified expenses carry a tax penalty.
HSAToday®: A Key Component of the DPI-Suite
HSAToday® is a feature-rich HSA solution that has something for everyone. Whether you are:
- An Employer wishing to offer your employees an affordable HSA plan
- A Plan Service Provider looking for your place in the HSA market
- A Custodian searching for the most cost-effective and efficient way to hold HSA funds
HSAToday® has a solution to fit your specific needs.
HSAToday® Unique Features
One of the goals of HSAToday® is to help you differentiate yourself in the marketplace by providing account holders with the tools and knowledge to become empowered as active and engaged consumers of healthcare, including:
The Claims VaultSM— This patent-pending technology is an electronic repository where your clients can store their receipts indefinitely and YOU can provide claims storage and certification services.
Online Access — A secure web portal lets you and your clients access and manage the accounts online.
Investments — The HSAToday® Investment Program offers qualified account holders a diverse range of investment alternatives to choose from.