If you offer employees a high-deductible health plan, an HSA is a great way to save money for
healthcare expenses this year, before your insurance kicks in, as well as for your retirement.
It’s like a 401(k) for healthcare.
Tools For Your Employees
Our website provides helpful information to teach employees about the benefits of an HSA.
Employees will have access to key details that will help them determine if an HSA is right for them.
Easy to Use, Easy to Save
A WageWorks Health Savings Account (HSA) is a great way to help your employees save money for current and future healthcare expenses. It’s like a 401(k) for healthcare.
This simple and efficient tax-advantaged spending account brings together competitive interest rates, low fees, investment options, and a convenient, fully integrated, prepaid debit card for healthcare purchases.
With an HSA, your employees can set aside pre-tax money for eligible healthcare expenses and earn interest on and invest the money in the account. Funds are moved to an HSA before taxes are deducted, which reduces their overall tax burden.
HSAs save your company money.
Employees who have HSAs are typically more cost-conscious consumers who have lower healthcare costs, which can mean lower healthcare premiums for your company. And employee contributions to HSAs help reduce payroll taxes.
WageWorks HSA: The WageWorks Advantage
Ease of Use Means Greater Enrollment
Your company can drive up enrollment by providing an HSA that’s easy for employees to understand, access, and use. WageWorks make it quick and easy for your employees to pay for eligible healthcare expenses. All these payment and reimbursement features are synchronized to deliver accurate, real-time account information:
Fully Integrated Comprehensive Solution
A WageWorks HSA is a completely integrated spending account solution on a single platform. Your benefits department and employees have a comprehensive, 360-degree view of HSA account activity, investment growth, and vision-and dental-FSA.
Lower Administrative Costs
Employees self-administer their own account and WageWorks manages all the data. With integrated debit cards and convenient account management tools such as electronic bill pay and cash reimbursement, WageWorks HSA is sure to satisfy both participants and benefits professionals.
Maximum Flexibility and Choice
HSAs works best when your employees have a variety of investment options from which to choose. A WageWorks HSA offers multiple and flexible investment options and partners. A WageWorks HSA is built on a state-of-the-art technology platform that provides a variety of options, starting at the top with plan design, on down to how individual participants pay and are reimbursed for eligible expenses.
Check Balances, Snap Photos of Receipts, and Submit Claims from Your Mobile Device