HSA

Offerings

A Health Savings Account (HSA) is a tax-advantaged savings and investment vehicle that can provide significant cost savings for both employees and employers. Employees covered under a High Deductible Health Plan (HDHP) are eligible to participate in an HSA, which allows them to pay for their deductible, coinsurance, co-pays, and over-the-counter medications with triple tax savings unique to HSAs. Employers save on taxes and help employees with making better, smarter healthcare choices.

What are HSA “triple tax savings”?

Contributions are pretax.
Withdrawals for qualified expenses are tax-free.
Earned interest on investment funds is tax-free.

Why offer an HSA?

Employer Benefits

Reduce FICA payroll taxes on for every dollar of employee pretax contributions.
Write off contributions to your employees’ HSAs.
Tax savings often cover the cost of outsourcing plan administration.
Minimize healthcare costs.
Enhance the employee benefits package.
Be assured of compliance with our Audit Guarantee.

Employee Benefits

Triple tax savings with pretax contributions, tax-free withdrawals on qualified expenses, and tax-free interest earned on invested HSA funds.
No use-it-or-lose it rule or carryover limits.
Access funds easily with the TASC Card.
Receive reimbursements quickly with MyCash.
Use Picture to Pay to submit a request quickly.
Check balances and submit requests with the TASC mobile app.

TASC provides administration and value-added features to ensure optimal customer experience including:

An investment account option with top-rated mutual funds.
No transfer fees, distribution fees, or account closure fees.
Online portal and mobile app with 24/7 plan management for the employer and employees.
Employee education materials and documents available online.

Simplified onboarding process with access to TASC Implementation Specialists to answer all your questions on HSA eligibility or plan design.
With TASC, HSA funds earn interest on both their cash account and investment account. Our Universal Benefit Account (UBA) system makes investing easy by automatically sweeping money into investment accounts once their cash balance reaches a set maximum.
TASC UBA allows for seamless coordination between HSA and Limited Purpose FSA.

For Sales: Call TASC at 1-888-595-2261 to learn more about getting started with TASC HSA, or email iwantTASC@tasconline.com.

Current TASC HSA clients and participants: Please log in or call 1-800-422-4661 for assistance.