Plan Sponsors

Save money while providing competitive, value-added benefits

As a plan sponsor, you need to be competitive in your industry while providing value to your participants. That’s where we come in. As healthcare costs rise, offering solutions that empower participants with consumer-focused options for healthcare and investments can help ensure you are meeting participants’ healthcare needs — not only today, but also for tomorrow.

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With an investment health savings account (HSA), both plan sponsors and participants benefit from:

  • Lower monthly premiums on health insurance, since HSAs require the use of an HSA-qualified high deductible health plan (HDHP).
  • Tax savings. Funds are deposited into HSAs pre-tax through a Section 125 plan. For plan sponsors, this reduces FICA, SUTA and FUTA taxes, resulting in a savings of up to 10% on payroll taxes. Participants not only benefit from pre-tax contributions, their earnings grow tax free (in most states) and withdrawals for qualified medical expenses are tax free.
  • Investment options that boost the benefits package. An investment HSA not only helps participants save for today’s healthcare expenses, it also helps them invest for tomorrow. As the plan sponsor, you benefit from offering a richer, more competitive benefits package that helps attract top talent to your company.
  • Becoming better healthcare consumers. Shopping around and making more informed healthcare decisions benefits both participants and plan sponsors in reduced annual healthcare premiums and expenses.

Convenient online enrollment, funding and administration

Plan sponsors can conveniently manage their group enrollment, funding and HSA administration online via secure log in. Online functionality includes:

  • Enrolling employees
  • Adding or removing employees
  • Managing contributions and viewing contribution reports
  • Updating company profile, password, etc.
  • And more