Health Savings Account (HSA) Solutions & Administration

Health Care Savings Without the Hassel

All flexible spending plans are not the same. Clarity HSA gives employers and employees the tax savings they expect -- plus a simple, stress-free experience that only we can offer. Our program is simple to use, easy to manage, and automated for efficiency.

Unlike other HSAs, with ours, Employees can manage their Clarity HSA and invest in real-time from a single platform. From this platform, employees can also search for in-network procedures, facilities, and doctors; receive personalized suggestions for smarter healthcare spending actions, and access a virtual medicine cabinet to manage monthly drug costs.

When it comes to savings, there are two interest options for employees: High-Yield, backed by a group annuity product provided by a highly-rated insurance provider and Traditional funds are backed by an FDIC-insured institution. With High-Yield, employees can maximize the value of their HSA by earning up to 10x higher interest than in the traditional option.

There are also built-in predictive analytic tools to guide intelligent long-term funding decisions and a personalized Opportunities feed that delivers targeted contribution messages.

 

View our Clarity Benefit Solutions HSA Highlights Video.

A Simply Smarter HSA

 

It’s no easy task to offer great benefits while controlling rising healthcare costs. If you offer a High Deductible Health Plan, did you know combining it with an HSA can be a money-saving solution for both you and your employees?
And, the right HSA can also help you attract and retain talent while keeping employees healthy and engaged. That’s where the Clarity HSA comes in, we offer a simply smarter user experience, and customizable investment options, and our HSA can even help cover surprise healthcare costs.


*See updated HSA Limits.

Man with child

Next Generation Investment Experience

 

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 the WealthCare Saver 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.

accessing smart phone

Advance Funding for Unexpected Expenses

 

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.

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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
Three investment options in one solution Nope
Most competitive interest rates in the market (up to 10X higher than traditional) Nada
Allow employees to manage their HSA and invest in real time from a single platform. Zip
Relieves financial stress from your employees, helping them stay focused and productive Zero

 

THREE INVESTMENT MODELS ENSURE A PERSONALIZED APPROACH

 

Our investment approach allows you to provide your employees an integrated, modern HSA investment solution that not only helps them understand the value of investing but also helps them work toward their long-term investing goals. Whether your employees are new to investing and seeking a guided experience or seasoned investors looking to research and trade stocks and ETFs available on the platform, you can offer them an investment journey that is aligned with their individual needs. HSA investment accounts are opened in real-time, transactions are made in real-time and account data is viewed in real-time, which means your employees have full transparency into their assets and allocations.

MANAGED
Designed for novice investors who prefer to have our advisor tool automatically select and rebalance investments on an ongoing basis in accordance with their age and/or risk profile. This account type delivers a “do-it-for-me” approach to investing.

SELF-DIRECTED
Designed for intermediate investors who have the desire to self-select from a menu of monitored investment options covering multiple asset classes to diversify their portfolio, and then rebalance their portfolio manually. This account type provides a balance between do-it-for-me and DIY approaches to investing.

BROKERAGE
Designed for adept investors who desire to perform advanced research and trading across hundreds of individual stocks and exchange-traded funds (ETFs). This account type offers a hands-on, DIY approach to investing.

For savvy investors, the Clarity HSA also offers Exchange-traded funds (ETFs) that give employees lower costs and diversified market returns. Fractional trading up to 8 decimal points enables ownership of high-value stocks like Apple or Berkshire Hathaway for as little as a penny. And convenient features include auto-rebalancing, real-time account opening, and trading, on-demand investment statements, historical performance of available funds, and more.

 

 

How Accelerated funding 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…

 

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
Deliver a unique HSA experience that supports your employees through all stages of healthcare transactions –spending, saving and investing.

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