HealthEquity

HealthEquity HSAs offer:

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  A way to save on healthcare
  With lower premiums, HSA-qualified health plans typically cost less than traditional plans. And there’s an added benefit of a triple tax advantage¹ which includes:
  • Pre-tax contributions
  • Tax-free earnings
  • Tax-free coverage of qualified medical expenses
  
  A way to invest²
  One key distinguishing feature of HSAs is that employees can invest funds. HealthEquity HSAs offer an easy investment experience with multiple investment options to suit every employee.
  
  Funds roll over
  All the money in an HSA is owned by the account holder and funds never expire.
  
  Retirement savings
  Because interest and investment income earned on an HSA is not taxed, HSAs serve as great retirement savings accounts.
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  ¹ HSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize HSA funds as tax deductible with very few exceptions. Please consult a tax advisor regarding your state’s specific rules.
  ² Investments are subject to risk, including the possible loss of the principal invested, and are not FDIC or NCUA insured, or guaranteed by HealthEquity, Inc. Investing through the HealthEquity investment platform is subject to the terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement. Investing may not be suitable for everyone and before making any investments, review the fund’s prospectus.

Boost your benefits and give employees more flexibility

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  Simple customizable options
  Plan types and features that complement your benefit plan and make FSAs easy for employees to use.
  
  Smart data integrations
  Seamless connections with insurance providers make it easy to review and substantiate claims online, submit reimbursements and keep a history of expenses.
  
  Powerful online tools
  Innovative employer and member portals and mobile app make our FSAs convenient to use and effortless to manage.
  
  Remarkable service
  Insightful support ensures your FSA program is easy to oversee and around-the-clock service ensures members have the best possible experience.
  
  Ongoing engagement and education
  Educational resources help your employees maximize the FSA benefit, leading to higher employee engagement and satisfaction.

Sources

• ¹ Economic Policy Institute, 2018. (https://www.epi.org/child-care-costs-in-the-united-states/)HealthEquity does not provide legal, tax or financial advice. Always consult a professional when making life-changing decisions.

HealthEquity HRAs deliver:

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  Flexible plan designs
  Allow you to build the HRA benefit that best complements your benefits offering and meets employee needs.
  
  Smart integrations with health plans
  Makes it easy for employees to pay providers or request reimbursement.
  
  Powerful online tools
  Makes HRAs convenient to use and effortless to oversee.
  
  Remarkable service
  Available around-the-clock to ensure members have the support they need.
  
  Ongoing member engagement and education
  Helps your employees understand and utilize their HRA benefit for increased satisfaction and appreciation.

Reduce transit costs for your employees

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  Join a community of transportation movers and shakers
  Maintain relationships with hundreds of transit authorities and thousands of parking locations.
  
  Give technology a green light
  Take the hassle out of administration by offering a flexible, efficient, easy-to-use and easy-to-manage solution.
  
  Empower Commuters to pay on the go
  Make things easy for commuters by giving them a variety of payment options, plus a simple mobile app and online portal to manage their account.

COBRA

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  Manage your COBRA program with confidence. Our full-service offering and powerful tools will handle every aspect of the program:
  
  • Implementation plan and processing
  • All required notifications
  • Election processing
  • Billing and payment processing
  • Applicable premium changes
  • Terminations
  • And more
  
  Participants also have access to a convenient web portal and mobile app that allows them to:
  
  • Manage their account
  • Pay premiums
  • View communications
  • Monitor deadlines
  

Direct Billing

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  Direct Billing Services from HealthEquity enable furloughed employees to make premium payments when payroll deductions aren’t available. By billing employees directly, you can keep payment collection simple even when the circumstances are complex.

Employee Care and Disaster Relief Act (ECDRA)

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  Our ECDRA solutions enable you to cover eligible disaster related expenses on a potentially tax-free basis. We’ll manage everything—from claims and adjudication to payments and reporting—so you can spend more time on what matters most.
  
  ECDRA tax-advantage relief allows you to provide tax-free funds to employees for qualified disaster-related expenses, including:
  
  • Reasonable and necessary personal, family, living or funeral expenses
  • Medical, temporary house, and transportation expenses
  

Lifestyle Spending Accounts

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  Our customizable solution for your lifestyle benefit programs can help you draw talent, increase productivity and cut costs. From fitness and lifestyle programs to health and tuition, we’ll help you prioritize your organization's unique goals.

HealthEquity POPs:

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  Give your team an instant raise
  Keep plan premiums level and a POP will let employees take home around 30 percent more pay.¹
  
  Take the sting out of higher premiums
  Use a POP to share more of the premium costs without reducing employee take home pay.
  
  Unlock immediate FICA savings.
  Tax savings extend to you too—nearly 8 percent on every dollar.4 You can use that savings to help offset rising premium costs.
  
  
  
  
  ¹ Based on average federal, state and payroll taxes.