The opportunity to save for the long term with a health savings account (HSA) offers enhanced value and greater satisfaction for your employees.
This product is available to small group, large group, and national employers. Visit the IRS website or talk to your Anthem sales representative for more information on determining group size.
What are the benefits of the Anthem HSA?
Simple administration
One benefits administrator means less work, lower costs, and greater security.
Easy spending
Claims are integrated to make recordkeeping and reimbursem*nt easier.
Satisfied employees
They'll appreciate a convenient experience with one debit card, one website, one app, and one customer service department.
Cost savings
Employers and employees can enjoy lower premiums and taxes, while keeping employees protected.
How it works
Employees can contribute tax-free money to the HSA, up to an amount set by the Internal Revenue Service (IRS) each year. As the employer, you may also add money to the account.
If there's not enough money in the account to cover a certain qualified expense, employees can pay out of pocket, then reimburse themselves from the HSA later, as the funds become available.
Employers enjoy savings on premiums a high-deductible health plan offers and can use the money to help fund their employees' HSAs. Employers can also contribute to employee accounts. Employer contributions can boost employee participation, leading to higher balances and improved satisfaction.
Any funds left in the account from year to year are carried over and remain with the employee who owns them. If employees leave the company or change health plans, they will be able to take any remaining funds with them.
Employees will receive a debit card to pay for qualified medical expenses, such as doctor visits and prescriptions. The card provides a single access point to their HSA and any other spending accounts they're enrolled in.
Employees can invest their HSA funds once their HSA balance exceeds $1,000. The interest they earn is tax-free.
New this year, employees have the option to choose a high-yield health savings account so they can earn a higher interest rate on their HSA balance. With this option, funds aren't FDIC-insured, but they're held in an account backed by the highly rated insurance company, Pacific Life.
Helpful resources
HSA contribution calculator
HSA tax savings calculator
Investment guide
Did you know...
You can pair an HSA with a limited-purpose flexible spending account (LPFSA). With the Anthem LPFSA, your employees can pay for eligible vision and dental expenses. Learn more about a limited-purpose FSA (LPFSA).
Do you have questions or want to learn more about Anthem Spending Accounts?
Contact your Anthem sales representative.
- anthem.com
- Legal
- Privacy
Anthem Blue Cross and Blue Shield is the trade name of: In Colorado: Rocky Mountain Hospital and Medical Service, Inc. HMO products underwritten by HMO Colorado, Inc. In Connecticut: Anthem Health Plans, Inc. In Indiana: Anthem Insurance Companies, Inc. In Georgia: Blue Cross Blue Shield Healthcare Plan of Georgia, Inc. and Community Care Health Plan of Georgia, Inc. In Kentucky: Anthem Health Plans of Kentucky, Inc. In Maine: Anthem Health Plans of Maine, Inc. In Missouri (excluding 30 counties in the Kansas City area): RightCHOICE® Managed Care, Inc. (RIT), Healthy Alliance® Life Insurance Company (HALIC), and HMO Missouri, Inc. RIT and certain affiliates administer non-HMO benefits underwritten by HALIC and HMO benefits underwritten by HMO Missouri, Inc. RIT and certain affiliates only provide administrative services for self-funded plans and do not underwrite benefits. In Nevada: Rocky Mountain Hospital and Medical Service, Inc. HMO products underwritten by HMO Colorado, Inc., dba HMO Nevada. In New Hampshire: Anthem Health Plans of New Hampshire, Inc. HMO plans are administered by Anthem Health Plans of New Hampshire, Inc. and underwritten by Matthew Thornton Health Plan, Inc. In 17 southeastern counties of New York: Anthem Healthchoice Assurance, Inc., and Anthem Healthchoice HMO, Inc. In these same counties Anthem Blue Cross and Blue Shield HP is the trade name of Anthem HP. LLC. In Ohio: Community Insurance Company. In Virginia: Anthem Health Plans of Virginia, Inc. trades as Anthem Blue Cross and Blue Shield, and its affiliate HealthKeepers, Inc. trades as Anthem HealthKeepers providing HMO coverage, and their service area is all of Virginia except for the City of Fairfax, the Town of Vienna, and the area east of State Route 123. In Wisconsin: Blue Cross Blue Shield of Wisconsin (BCBSWI), underwrites or administers PPO and indemnity policies and underwrites the out of network benefits in POS policies offered by Compcare Health Services Insurance Corporation (Compcare) or Wisconsin Collaborative Insurance Corporation (WCIC). Compcare underwrites or administers HMO or POS policies; WCIC underwrites or administers Well Priority HMO or POS policies. Independent licensees of the Blue Cross and Blue Shield Association. Anthem is a registered trademark of Anthem Insurance Companies, Inc.
3268200MUEENABS 06/23
