Health Account Solutions for Financial Advisors

Trusted by more than 100,000+ organizations

Manage benefits in one place.

Avoid the inconvenience of using multiple vendors and oversee all client accounts in one platform. With HealthEquity, you can bundle benefits and offer clients competitive pricing.

Healthcare benefits:

Health Savings Account (HSA)

Make HSA management effortless for your clients. Our platform integrates their HSA program with health plans, retirement providers, and payroll administration.

Flexible Spending Account (FSA)

Our platform ensures complete control over deployment and optimizations, offering clients a customizable and efficient FSA experience tailored to their needs.

Health Reimbursement Account (HRA)

Empower your clients to give their teams a stackable HRA with FSA. Simplify their benefits management with a single debit card for all qualified transactions.

Other benefits to consider:

Dependent Care FSA

Help your clients keep their high-value employees happy with care for eligible dependents as an option during the Open Enrollment period.

COBRA

COBRA administration is complex with many moving parts. Give your clients a streamlined onboarding, real-time case management, and full transparency.¹

Commuter

Flexible commute options can help your clients' teams get to work. Use our app to optimize parking programs through streamlined workflows.

Direct Billing

Leave billing and collections to us. We make it easy to pay premiums and maintain coverage when payroll deductions aren’t available.

Lifestyle

Give your clients more program options to support their employees' lifestyles and company culture with categories like fitness, finance, and family support.

Premium Only Plan

With a Premium Only Plan (POP), your clients can give their team the option to make premium payments on a pre-tax basis.

Is an HSA right for your clients?

HSAs are a useful tool for individuals looking to better manage and save for healthcare costs.

Triple-tax advantages

Unlike other retirement accounts, an HSA offers your clients multiple tax advantages. Give your clients a better tax-saving option. Help them save for the future with tax-free contributions, tax-free growth, and tax-free distribution with an HSA.²

Higher account balances

Compared to other providers in the industry, HealthEquity members have a 14 percent higher average balance.³ If your client currently has an HSA, maximize their savings and transfer their HSA funds to HealthEquity. HSA transfers and rollovers of $250 or more are eligible for double interest.

Increased flexibility

An HSA offers clients more flexibility when it comes to managing healthcare costs. They can access HSA funds now to cover qualified medical expenses or invest HSA contributions, if their HSA balance exceeds their investment threshold, to increase their HSA investment growth potential.⁴

Retirement integrations

Put retirement and other account data side by side. No-cost integrations help members make more informed financial decisions.

Security

Expect industry-standard encryption and member privacy protocols. We offer two-factor authentication, biometric login, and ongoing system surveillance.

24/7 call and chat

Wow your clients with a remarkable member experience. Our support team measures success by problems solved — not call times.

Close deals

Access our library of hard-hitting sales collateral and original thought leadership. We make it easy to start conversations and close deals.

Fast onboarding

Implementation is a breeze. Your clients can transfer member files from any payroll vendor. And, we can execute bulk transfers automatically.

Flexible fund lineup

Our lineup of low-cost Vanguard funds can help boost retirement readiness. Plus, we'll work with you to maximize contributions and savings rate, not just ROI.

Ready to act?

Get your Total Solution consultation today.

Financial Advisors Questions

What are the eligibility criteria for individuals to open or contribute to these accounts?

Potential members are eligible for an HSA if they participate in a High Deductible Health Plan (HDHP), have no other insurance coverage other than those specifically allowed, and not be claimed as a dependent on someone else's tax return.
How do HealthEquity accounts integrate with other employer-sponsored benefits?

Our accounts integrate seamlessly into our clients’ existing plans in a variety of ways, including preferred pricing, streamlined implementation, integrated data, and single sign-on. Reach out to our team to learn more.
How can my clients monitor and manage their health benefits accounts?

Members can monitor and manage their HSA and other benefit accounts through their dedicated member portals.
How do contributions to these accounts impact the client's tax situation?

There are a lot of tax benefits associated with HSAs, namely that contributions may be 100 percent tax-deductible on Federal income taxes. This means contributions can be deducted from your gross income, and all interest is 100 percent tax-deferred so member accounts can grow without being subject to taxes in most cases.

¹Services are provided by WageWorks, a HealthEquity company.

²HSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize HSA funds as tax-deductible with very few exceptions. Please consult a tax advisor regarding your state's specific rules.

³According to a Devenir 2023 study

⁴Investments made available to HSA holders are subject to risk, including the possible loss of the principal invested, and are not FDIC or NCUA insured, or guaranteed by HealthEquity, Inc. Investing through the HealthEquity investment platform is subject to the terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement. You should carefully consider the investment objectives, risks, charges and expenses of any mutual fund before investing. A prospectus and, if available, a summary prospectus containing this and other important information can be obtained by visiting the Vanguard website at vanguard.com. Please read the prospectus carefully before investing. Consult your advisor or the IRS with any questions regarding investments or on filing your tax return.

HealthEquity does not provide legal, tax or financial advice.

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