HSA
Administration
Control costs while still providing a rich benefit package.
Compliance expertise
Payroll contribution management
One benefit card for all participant accounts
Toll free participant support
Full service web portal & mobile app
Coordination with Limited Purpose FSA
BASIC HSA Administration pairs with any carrier HDHP, no need to ever change HSA Trustees. Don’t tie your HSA to a specific carrier that might change. Pick an HSA compliance expert to partner with, request a proposal today!
A cutting edge integrated system allowing employers and participants to manage all their benefit plans with one card, one website, and one mobile app.
All participant benefit accounts and MyCash account are linked to a single card.
With a single app, participants can manage all their BASIC benefit accounts.
MyCash is an unrestricted post-tax reimbursement account linked to participants’ BASIC Cards.
In three quick steps, participants can have BASIC pay healthcare providers directly on their behalf with our “Picture to Pay” feature. No paper, no postage, and no hassle for the participant. All with no additional fees for employers!
Like all tax-advantaged accounts, HSAs have restrictions.
Eligibility
HSAs are a tax savings account that is only available if it is paired with a qualified high-deductible health plan (HDHP). IRS Publication 502 contains a list of all approved qualified medical expenses.
An HSA can be used to cover:
To be eligible for an HSA, you must meet all of the requirements: