This product is available to small group, large group, and national employers. Visit the IRS website or talk to your Anthem sales representative for more information on determining group size.
One benefits administrator means less work, lower costs, and greater security.
Claims are integrated to make recordkeeping and reimbursement easier.
They'll appreciate a convenient experience with one debit card, one website, one app, and one customer service department.
Employers and employees can enjoy lower premiums and taxes, while keeping employees protected.
Employees can contribute tax-free money to the HSA, up to an amount set by the Internal Revenue Service (IRS) each year. As the employer, you may also add money to the account.
If there's not enough money in the account to cover a certain qualified expense, employees can pay out of pocket, then reimburse themselves from the HSA later, as the funds become available.
Employers enjoy savings on premiums a high-deductible health plan offers and can use the money to help fund their employees' HSAs. Employers can also contribute to employee accounts. Employer contributions can boost employee participation, leading to higher balances and improved satisfaction.
Any funds left in the account from year to year are carried over and remain with the employee who owns them. If employees leave the company or change health plans, they will be able to take any remaining funds with them.
Employees will receive a debit card to pay for qualified medical expenses, such as doctor visits and prescriptions. The card provides a single access point to their HSA and any other spending accounts they're enrolled in.
Employees can invest their HSA funds once their HSA balance exceeds $1,000. The interest they earn is tax-free.
New this year, employees have the option to choose a high-yield health savings account so they can earn a higher interest rate on their HSA balance. With this option, funds aren't FDIC-insured, but they're held in an account backed by the highly rated insurance company, Pacific Life.
You can pair an HSA with a limited-purpose flexible spending account (LPFSA). With the Anthem LPFSA, your employees can pay for eligible vision and dental expenses. Learn more about a limited-purpose FSA (LPFSA).
Contact your Anthem sales representative.
Simple administration
HSA contribution calculator
Investment guide
