With nearly 37.5 million open health savings accounts (HSAs) as of 2023, it’s clear that the accounts are growing in popularity with employees, and with good reason. When used effectively, HSAs can help…
EBC Insights
HSA Security: Protect Your Account From Fraud
Health savings accounts (HSAs) have been rapidly growing in popularity over the last several years, with more than 35.5 million active accounts totaling $104 billion in assets. Since many people…
Unlocking the Full Potential of an HSA
While most employees are familiar with, and may even use, a health savings account (HSA), there’s a good chance they aren’t reaching the full potential of the account. Average contributions are just above the minimum allowable deductible amount…
Offer a Streamlined Experience with an HSA Bulk Transfer
A simplified experience for increased savings and satisfaction. Offering a health savings account (HSA) to participants is a great way to encourage them to start…
Understanding Claim Substantiation
Someone makes a purchase using funds from their health reimbursement arrangement (HRA) or flexible spending account (FSA). Then, they get a request asking for proof that the purchase is eligible. Why do we ask for documentation? The short answer…
HSA Trends and Strategies to Guide Financial Well-being
The unparalleled flexibility of a health savings account (HSA) has proven to be a popular benefit choice, with the total number of open HSAs increasing nearly five times over the last 10 years alone.
HSA Implementation Tips to Avoid Common Headaches
Health savings accounts (HSAs) are a versatile benefit that has been growing in popularity due to the unique triple tax savings and investment opportunities. However, offering an HSA to employees for…
HSAs: Managing Expenses and Saving for the Future
A health savings account (HSA) is that can be paired with a qualified high-deductible health plan and offers unique advantages that other types of benefit accounts don’t offer. The unmatched flexibility of HSAs…
From FSA to HSA: HSA Eligibility
How to Avoid Disqualifying Coverage When offering a health savings account (HSA), there are a few eligibility requirements that employers need to keep in mind for participants looking to transition from their standard health flexible spending account (FSA) to an HSA....
HSA Awareness Month is Here!
October is HSA Awareness Month and we’re here to spread the word about health savings accounts (HSAs) and how they help people save for today and tomorrow! When people think about HSAs, they often think of them as a short-term benefit where…