American Fidelity offers Health Savings Accounts (HSAs) that allow you to save money for HSA-eligible expenses, and they give your employees the ability take greater control of their own healthcare costs. An HSA allows employees to payroll deduct pre-tax HSA contributions along with other tax savings advantages.
Triple Tax Savings Advantage
When coupled with your Section 125 Plan, the HSA allows your employees a triple tax advantage:
- Pre-tax contributions
- Tax-free interest accumulation
- Tax-free distributions for qualified medical expenses
Use your HSA Card to pay for eligible expenses instead of paying out-of-pocket.
- Direct access to funds
- Eliminate distribution wait time
- Accepted at doctor’s offices, retailers, and pharmacies
Online Account Access
Distributions can be requested online either before or after an expenses has been incurred. Distributions can be received via check by mail or by direct deposit to an account chosen by your employee.
Mutual Fund Options
Participants with account balances above $2,500 may choose from a diversified offering of no-load mutual funds, which cross all investment risk tolerances.