A Health Savings Account (HSA) is a medical benefit plan that accelerates consumer awareness
of medical costs. With HSAs employees with a High Deductible Health Plan use pre-tax money to
pay for qualified medical expenses. Employers benefit from increased tax and premium
savings. Employees benefit by retaining a portable HSA savings account regardless of their
employment status, and their understanding of the true costs of health care is heightened.
FlexSystem offers three types of HSA administration options to fit your Clients’ specific
needs.* On-line funds management, electronic funds transfer to multiple financial
institutions, and a qualified partner bank are just some of the features unique to FlexSystem HSA
benefit administration!
*You must be a contracted Provider with FlexSystem in order to enroll your Clients in the
FlexSystem HSA.
Currently the HSA is available to group accounts through FlexSystem only; TASC does not
administer Individual HSAs at this time.