A Health Savings Account (HSA) is a powerful way to help employees save for upcoming healthcare expenses. Anyone with a high-deductible health plan can set aside and invest pre-tax dollars from their paycheck to pay for out-of-pocket health-related expenditures and unexpected medical costs.
We understand having the option to set aside pre-tax dollars for medical expenses is a great way to ensure your employees feel financially secure. That’s why we’ve improved our HSA program to help your employees maximize their benefits. Keep reading to learn more about our new and improved HSA program.
Cover expenses today while saving for tomorrow
If you have a high deductible health plan, the Clarity HSA lets employees set aside tax-free dollars from their paycheck to cover their deductible and offers on-demand, interest-free payroll advances to cover unexpected healthcare costs.
With a Clarity HSA, employees can also take advantage of multiple national banking partners and dozens of investment options to keep their HSA savings safe and growing. Through our secure portal, we provide an up-to-date list of the mutual funds offered as well as recent performance information for those funds.
- Copays, coinsurance, and deductibles
- Doctors visits and hospital charges
- Prescription drugs
- Dental and orthodontics
- Vision care, glasses, and contacts
- COBRA premiums
We’ve also partnered with GoodCell, a health screening company that provides actionable insights into your health. Employees can use HSA funds for a GoodCell health screening that provides a baseline of their biological markers. This helps identify and track the greatest threats to their health, from cardiovascular disease to diabetes, and provides actions to avoid them.
Clarity HSA Advance
HSA advance is a way for employees to pay for immediate healthcare expenses with expected HSA payroll contributions. For example, an employee's health savings account (HSA) will most likely have a $0 balance when they first enroll. As a result, they may feel forced to postpone healthcare services until their HSA has accumulated enough contributions to cover the expenses. In some cases, this can take months of payroll cycles and is especially impractical in cases of a medical emergency.
To help address these challenges, HSA Advance offers employees an advance on expected HSA payroll contributions, which can be used immediately and paid back later through payroll deduction.
Clarity HSA Investing
Clarity Benefit Solutions delivers a new and modern approach to HSA investing that allows employees to personalize their investment journey to fit their unique needs and experience level. With our investment solution, employees can choose from three different investment models – Managed, Self-Directed and a first-of-its-kind Brokerage option – all of which are designed to help them work toward their long-term investing goals. Best of all, it’s fully integrated with the Clarity Benefit Solutions HSA solution, which means employees can manage all aspects of their HSA, including their investments, from a single portal.
A simply smarter HSA
Our HSA program simplifies benefits for you and your employees. We connect to your payroll provider and benefits administration platform to automatically update all enrollments, terminations and deposits. Our platform also connects to consumers’ insurance carriers, automatically substantiating card swipes and eliminating the need for receipts or EOB statements. Additionally, every employee receives dedicated support from a Client Relationship Manager with an average of 5-10 years of benefit experience and a world-class service rating. Employees can always get the help they need.
Contact us today to learn more about a Clarity HSA.