Clarity HSA

Health Savings Accounts made easy.  

Health Savings Accounts offer a triple tax benefit for employees. Contributions, earnings, and distributions are all tax-free for the user. With Clarity HSA plans, our clients gain maximum control and flexibility in managing their healthcare costs. All users get easy access to their funds and advanced payment options for unexpected costs, helping them prepare for the unexpected.

What It Is

 

A health savings account (HSA) is a powerful pre-tax account that can be used to pay for current and future healthcare expenses.  The money carries over and acts like a retirement account for medical, dental, and vision care expenses.  Employees can invest their money and save for their future health needs.  

Doctors office

The Basics

 
  • Contributions to an HSA plan are 100% deductible (up to the legal limit) — just like an IRA.
  • This year the HSA contribution limit is $3,400 for single participants and $6,750 for families.  
  • Contributions can be spent on out-of-pocket medical, dental or vision care expenses.
  • Participants over age 55 can contribute an extra $1,000 as a catch up.
  • HSA’s must be paired with high deductible health insurance plans.
  • Unlike an FSA, savings are never forfeited at the end of the year. 
  • Employees can use a variety of investment options including mutual funds, money market accounts, and savings accounts.
  • HSA contribution amounts can be changed at any time during the year. 
Piggy bank

How It Works

 

Clarity HSA with balance support provides overdraft protection on HSA purchases at the point of purchase. Similar to an FSA an employee can get up to their annual election at any time during the plan year. The advance comes from a fund the employer sets-up. Advanced funds are paid back through future payroll deductions. 

Pharmacy

Clarity HSA Plan Administration with Balance Support

 

Escalating costs of traditional health insurance continue to drive employer interest in high deductible health plans (HDHPs) and their associated health savings accounts (HSAs). Yet, employee adoption of HSA faces significant challenges.

  • Only 50% of consumers electing a HDHP chose to establish an HSA account
  • On average newly established HSA accounts do not have a positive balance until the 3rd year the account is established. 
  • 50% of new HSA accounts are established by consumers over the age of 45 and with less than $2,000 disposable income

 

Clarity HSA administration encourages 100% participation and helps consumers with unexpected health care cost. 

  • Addresses financial concerns associated with CDH plans 
  • Provides overdraft protection for qualified expenses
  • Increases HSA enrollment and satisfaction
  • Provides solutions that meets the need to control cost with the need to maintain employee satisfaction.

 

A Clarity HSA Can Cover:

  • Deductibles, copays and coinsurance
  • Prescription drugs
  • Dental services - braces, bridges and cleanings
  • Vision care – glasses, contacts, and Lasik
  • Psychiatric & mental health services
  • Long-term care services
  • And much more.
How We Make it Easy
 
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

HSA Store

 

We make it easy for Clarity consumers to use their Healthcare HSA and get the best value from each dollar spent. Every one of the 4,000 products in HSA Store is eligible for reimbursement. Items purchased through HSA Store are auto-substantiated, and comply with even the most recent healthcare reform provisions. Our store makes it fun and easy for consumers to use their HSA and save even more money!

 

HSA Store
Learn More About
Clarity HSA