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WageWorks Health Savings Accounts

{Give your employees the best possible
benefits at the best possible cost}



There's a simpler way to keep your company healthy

Health Savings Accounts (HSAs): Helping your people and your organization be even better.

You want to give your employees the best possible benefits at the best possible cost, and when you’re looking at HSAs, there are three key things to consider:

  • First comes adoption - getting people to sign up for their HSA.
  • Second, simplify the spending experience.
  • And third, encourage people to save.
 


WageWorks not only helps you get there, we bring your employees the innovative options they demand without the time-consuming administrative burdens that often accompany these types of plans. In the end, it’s easier and often more affordable to offer a better program.

 
More About HSA Plans from WageWorks
 
 

WageWorks Health Savings Account

If you have a High-Deductible Health Plan (HDHP), an HSA is the right way for your employees to save money on healthcare expenses now, and a flexible way to invest in their retirement.

Your company saves money with an HSA plan

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.

Your employees save money with an HSA plan

With an HSA, your employees save pre-tax dollars to spend on eligible healthcare expenses. Employees also earn interest for balances over $1000. It combines the best of saving and spending - like a 401(k) for healthcare with low fees, competitive interest rates and investment options.

  

5 Tips to Finding the Right HSA Provider

 

 
Best practices drive enrollment
Education programs drive engagement, whether employees are spenders, savers or just getting started
Turnkey communication materials save you time and take work off your desk
 
Why WageWorks?

We take the work out of saving and spending, with...

Drastically reduced fees - in most cases, they’re $0.

Employees self-administer their own account and WageWorks manages all the data. Integrated debit cards and convenient account management tools such as electronic bill pay and cash reimbursement gives power back to your employees.

One platform and one card

For your Consumer-Directed Benefits healthcare accounts. 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.

Insider Insight

We help craft the legislation that shapes where your benefits are headed. We know what’s coming next.

Maximum Flexibility and Choice

HSAs work 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 and is built on a state-of-the-art technology platform that provides a variety of options, including plan design, and how individual participants pay and are reimbursed for eligible expenses.

How it benefits your employees.

The simpler it is for employees to pay for out-of-pocket healthcare, the fewer questions and complaints you’ll hear. WageWorks makes this possible by:

VISA Healthcare Debit Card
One Spending Card. Cover their HSA, Flexible Spending Account (FSA) and all their Consumer-Directed Benefits with one card.
No Bank-Style Fees
No Bank-Style Fees. If you charge employees for using the program you want them to use, they won’t use it. So we don’t, and we won’t.
Pay Me Back Option
Investing is easy, too. Health Savings Accounts can be invested. With a balance of $1,000, your employees invest their HSA balance - while continuing to using it for healthcare expenses.
  • No minimum investment accounts
  • No additional trading fees
  • Unbiased investment options