Clarity HSA

Your Employees are More than Covered they are Confident

A Clarity Health Savings Account (HSA) is a powerful way for employees to save for upcoming healthcare expenses and prepare for the future. Anyone with a high-deductible health plan can use this triple-tax advantaged plan to set aside and invest pre-tax dollars from their paychecks — it’s a bank account that can be used to pay qualifying healthcare expenses like deductibles, co-pays, and prescription drugs.
 

How does an HSA work?

 

An HSA is a personal savings account that allows you to set aside pre-tax dollars for current and future healthcare expenses for you and your dependents, even if they are not covered under your primary health plan. You are eligible to open an HSA if you are enrolled in an HSA-eligible high-deductible health plan.

You choose an annual election amount.* The money is placed in your account via payroll deduction, online banking transfer, or a direct contribution. Once your account is funded, you can choose to use the money to pay for current healthcare expenses or keep the funds in your account and watch your savings grow. If you are 55 or over, you have the option to contribute additional money annually.

*See updated HSA Limits for 2022 below. 
 

Man with child

How is a Clarity HSA Different?

 

Built in Protection for life’s twists and turns. Life wouldn’t be life without unexpected moments. So the Clarity HSA is made for the unpredictable. With a built-in payroll advance to cover surprise healthcare costs. And all-the-time peace of mind. Your people aren’t just covered — they’re confident they can keep expenses under control.

accessing smart phone

The HSA That Can

 

Add it up and see that our HSA can do things for your employees (and your company!) that no other HSA can. Our white paper looks at the rise of high-deductible plans and makes a data-driven case for an HSA that bridges the gap between employee’s HSA balance and their deductible.

Lightbulb

Standard HSAs Don’t Stack Up

 

Take a look at how a Clarity HSA compares to a standard HSA and you begin to see all the good things that can happen when you go the extra mile.

 

  STANDARD HSA

Tax-free contributions, earnings, and distributions

Yes

Rolls over year after year

Yes

Portable from job to job

Yes

Built-in payroll advance for unexpected expenses Nothing
Makes HSAs more attractive to employees Nope
Makes HDHPs easier for your company to adopt Nada
Helps you show employees that your company goes above and beyond Zip
Relieves financial stress from your employees, helping them stay focused and productive Zero

 

 

How It Works

 
  1. Your employee has a high-deductible health plan and decides to participate in “built in protection”. As an employer, you decide how you want to use the “Built in protection” (advance amount, eligibility, and terms of repayment) and we automate the entire process.
  2. If your employee has a medical expense, but not enough money in their HSA to cover it all your employee has to do is swipe their Clarity Debit Card initiating a payroll advance.
  3. Our HSA administration platform creates an interest-free payroll advance funded by your company. Then it creates an employee paycheck deduction in your payroll system, which makes payback a breeze.
  4. The advance is paid back through small payroll deductions that are manageable for your employee.
  5. Financial anxiety is eased, your employee is grateful, and you bask in the glow of helping your people in a critical moment of need.

 

 

Qualifying Expenses

 

What Qualifies?

HSA funds can cover costs for:

What doesn’t qualify?

Certain expenses are not eligible, for instance:

Copays, deductible payments, coinsurance

Cosmetic procedures or surgery

Hospital charges

Dental products for general health

Prescription drugs

Personal hygiene products

Dental exams, x-rays, fillings, crowns, orthodontia

 

Vision exams, frames, contact lenses, contact lens solution, laser vision correction

 

Physical therapy

 

Chiropractic care

 

Medical supplies and first aid kits

 

Prescribed over-the-counter medications

 

COBRA premiums

 

And much more…

 

 

IRS HSA Limits for 2022

 

The limits for HSAs and HDHPs for 2022, as compared to 2021, are as follows:

Coverage

2021

2022

HSA - self-only coverage $3,600 $3,650
HSA - family coverage $7,200 $7,300
HDHP - self-only coverage    
  • Annual deductible not less than:
$1,400 $1,400*
  • Annual out-of-pocket expenses do not exceed:
$7,000 $7,050
HDHP - family coverage    
  • Annual deductible not less than:
$2,800 $2,800*
  • Annual out-of-pocket expenses do not exceed:
$14,000 $14,100

* No change in 2022

 

 

How We Make it Easy
 
Mobile Pay

Mobile Pay

Customer Support

Customer Support

Easy Investments

Easy Investments

Mobile App

Mobile App

Multilingual Staff

Multilingual Staff

Online Enrollment

Online Enrollment

Self Service

Self Service

Smart Debit Card

Smart Debit Card

What's in it for you?

 

PUMPED UP PARTICIPATION
Increase satisfaction and participation in your company’s benefit program with an HSA that shows you care

LOWER PREMIUMS
Make high-deductible health plans more attractive to your employees, which helps your company save money.

AUTOMATIC+ SEAMLESS
Add value for your employees without adding an administrative burden for yourself.

 

 

HSA Store

 

We make it easy for Clarity consumers to use their HSA and get the best value from each dollar spent.Items purchased through HSA Store are auto-substantiated, and comply with even the most recent healthcare reform provisions. Our health savings account store makes it fun and easy for consumers to use their HSA and save even more money!

 

FSA Store
Learn more about
Clarity HSA