Build your custom, simplified health savings account with WEX.
It is a tax-advantaged medical savings account for participants in a qualifying high-deductible health plan (HDHP).
When a participant enrolls, they or their employer can contribute funds from their paycheck tax-free!
A participant can choose to use those tax-free funds to pay for eligible medical expenses, save for retirement, and/or invest.
Want to learn more about the basics of an HSA? Watch this episode of our Benefits Buzz podcast.
An individual is eligible for an HSA if they are:
There are hundreds of expenses that are eligible for funds, including:
Shop the HSA Store to find hundreds of eligible expenses.
Participants experience three key HSA benefits:
Funds are withdrawn tax-free for eligible expenses
Tax-free contributions and all funds carry over annually.
Invest funds to expedite growth.
HSA | 2022 | 2023 |
---|---|---|
Self-only | $3,650 | $3,850 |
Family | $7,300 | $7,750 |
Learn more about 2023 HSA contribution limits.
National HSA Awareness Day, held annually on October 15, is dedicated to learning about the value HSAs can bring employees. Ready to get started?
Watch our 2022 HSA Day episode of Benefits Buzz:
Check your balance, manage investments, and more!
24/7 HSA access at participants’ fingertips.
Multi-account spending with a single card.
We’ve built and continue to invest in technology and services that make it easy for employers to offer an HSA.
Enjoy a transparent process with clear deliverables throughout the onboarding process.
We’ve simplified processing to allow employers to easily fund contributions in a way that works best for them, group transfers, and accelerated contributions.
Whether your HSA participants are spenders, savers, or investors, WEX has the
tools and resources they need to confidently use their HSA.
From custom options for partners, to personalized experiences for participants, WEX simplifies HSAs for everyone.
When you partner with WEX, you get a completely custom package built for the needs of your business, your employers, and your participants.
We make it easy for you to recommend WEX to your client by offering custom technology solutions to meet the needs of every organization alongside a service experience that’s second to none.
With streamlined processes to ease the burden of HSA administration, employers of any size can easily offer an HSA without the hassle on their end.
With one debit card, one online account, and one mobile app to manage their HSA, you get a simplified and personalized experience right from the start.
Download your resource by simply clicking on the image to get all the details you need on HSAs from WEX for partners, consultants, brokers, employers, and participants.
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