Build your custom, simplified health savings account with WEX.
What is a Health Savings Account (HSA)?
A health savings account (HSA) is a tax-advantaged medical savings account for participants in a qualifying high-deductible health plan (HDHP).
When a participant enrolls in an HSA, they or their employer can contribute funds from their paycheck (tax-free!) to their HSA.
A participant can choose to use those tax-free funds to pay for eligible medical expenses, save for retirement, and/or invest.
Pay. Save. Invest.
With an HSA, participants can pay for healthcare expenses, save for the future, and/or invest to build wealth. No matter what a participant needs from their HSA, partners can build a custom, simplified HSA offering with WEX.
Pay for Healthcare Expenses
With WEX, participants can easily spend their HSA funds on medical expenses, track costs, and manage reimbursements in one platform, using one mobile app, with ONE debit card for all of their health, wellness, and commuter benefits.
Save For The Future
Whether the employer sets up the 401(k) to match their HSA offering or leaves it up to participants to decide their allocation, we make it easy for participants to save for the future, in the way that works best for them.
Invest To Build Wealth
With more than 5,000 funds to choose from, participants have greater control over their HSA investment strategy when they set up a brokerage account. Better yet: Every trade is free, and there is no cost to our partners or employers to set it up.
Whether participants need to quickly upload a receipt, view their account balance, or manage investments, our mobile app keeps their HSA at their fingertips (even when they’re on the go).
Customizable, streamlined, innovative, simple, personal. It’s the WEX difference, and we’ve built (and continue to invest in) an HSA solution that benefits partners, employers, and participants.
Customize your HSA offering in the way that works best for you.
Whether you need full administration, a trusted custodian, or a completely customized option, you can create an HSA package that makes the most sense for you and your participants.
Streamline the onboarding and management of every HSA.
You can stay in control of the entire employer and participant experience and make sure they know who their administrator is, how to use and take advantage of their account, and where to go for help when they need it.
Use state-of-the-art HSA investment technology.
From investment allocation models, brokerage account options, custom fund lineups, and the ability for participants to manage their HSA on-the-go with our mobile app, WEX makes it easy for participants to invest.
Simplify administration for employers (of all sizes).
Employers can take advantage of innovative features that simplify the administration process such as simplified contribution processing that allows employers to fund HSA contributions in the way that works best for them, group HSA transfers, and accelerated HSA contributions (just to name a few).
Personalize the experience for participants.
Whether your participants are spenders, savers, or somewhere in between, WEX helps you personalize their experience so they can make informed decisions about their account (in the way that works best for their lifestyle).
Get More Information on HSAs from WEX
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.
National HSA Awareness Day unites the public and healthcare benefits industry to discuss the power of health savings accounts (HSAs) and their impact in fighting prevalent healthcare issues facing Americans today.
Save the date:
October 15, 2021
WATCH A REPLAY OF THE 2020 EVENT
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