HSA (Health Savings Account)


Health Savings Accounts

An HSA is a tax-advantaged savings account that is used in combination with a High Deductible Health Plan (HDHP) and gives your employees a new way to manage healthcare costs. They can use the HSA funds to cover qualified medical expenses—from co-payments at the doctor’s office to pharmacy bills, dental care, vision care, and more.xt, reducing your risk of losing dollars at the end of the plan year.


A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP).

  • With the B3PA HSA, any earnings on your contributions are tax-advantaged. Meaning, earnings on your HAS dollars are not subject to taxation.
  • The HSA account is funded by pre-tax contributions by the employee.
  • Employers and other third parties also can contribute to the account.
  • A Limited Purpose Medical FSA works with a qualified high deductible health plan (HDHP) and Health Savings Account (HSA). A limited FSA only allows reimbursement for vision and dental expenses.
  • The employee determines the amount of money that is withheld each paycheck before payroll taxes are deducted.
  • There is no “use it or lose it” condition.


The funds contributed to an account are not subject to federal income tax at the time of deposit.

  • Add depth and flexibility to your employee health benefits and retirement plans with secure, FDIC-insured financial accounts.
  • Save money on health insurance premiums by offering HSAs along with high deductible health plans.
  • Provide web-based, fully integrated portals with 24/7/365 access to account information.
  • Enjoy secure access to accounts using a convenient Consumer Portal available 24/7/365.
  • Free Human Resources staff with secure and easy-to-use online, self-service portals you and your employees can use 24/7/365.
  • Promote healthier lifestyle choices through increased employee involvement and use of 100% covered preventative care.
  • Go Green with paperless online claims, direct deposit reimbursement and electronic statements.

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