Discover the power of savings: explore our comprehensive suite of spending accounts designed to empower you and your employees. Reduce your payroll tax burden by providing flexible spending and health savings accounts, since employee contributions are deducted from pre-tax income, thereby lowering taxable income subject to Social Security, Medicare, and federal income taxes.
HealthEquity delivers integrated health solutions for employees with employer-sponsored benefit plans and spending accounts. By partnering with us, your bank gains access to discounted group rates, further enhancing the value of our comprehensive benefit packages, which include FSA, HRA, and HSA accounts. Offering these robust benefits not only demonstrates a commitment to employees' well-being but also provides a cost-effective solution for your bank. Take advantage of our discounted rates to make your bank even more attractive to prospective employees and retain top talent.
Health Savings Account (HSA)
Integrate your HSA program with your BCBSMA health plan and payroll vendor. Streamline day-to-day administration.
Flexible Spending Account (FSA)
Utilize the HealthEquity platform to have full control over deployment and optimizations. This means a customizable experience for you.
Health Reimbursement Account (HRA)
Give your employees the option to stack their HRA with their FSA. Using a single debit card they can seamlessly pay for all qualified transactions.
An HSA is a member-owned account that enjoys a triple-tax advantage. Members can make pre-tax payroll contributions, grow tax-free earnings, and enjoy tax-free distributions to pay for qualified medical expenses. HSAs must be paired with high-deductible health plans. Members can keep their HSA funds forever— even if they change employers or health plans.
An HRA is an employer-funded account that empowers members to pay for specified out-of-pocket medical expenses. Organizations choose how much to contribute, and which expenses qualify. HRAs are an effective tool to help members manage health care premiums.
An FSA empowers members to set-aside pre-tax money to pay for eligible medical expenses, such as deductibles, copayments, dental, and vision. Unused funds are forfeited back to the employer at the end of the plan year. However, some organizations offer a grace period or carryover option, enabling members to keep a certain portion of their account into the next plan year.
A DCFSA empowers members to set aside pre-tax money from every paycheck to help pay for dependent care expenses. A qualifying dependent may be a child under age 13, a disabled spouse, or an older parent in eldercare. DCFSA Funds can be used to pay for daycare, preschool, elderly care or other dependent care.
An LPFSA works just like a traditional FSA, however funds can only be used for dental and/or vision expenses. Even though it’s called a “limited purpose” account, LPFSAs cover a lot of expenses, including mouth guards, Orthodontia, RX sunglasses, and even Lasik surgery. The best part: Members can pair an LPFSA with an HSA, making it easier to save their HSA for a rainy day.
The average employee spends nearly 200 hours a year commuting to and from work. Help alleviate the burden. Let employees cover transit costs with pre-tax dollars using commuter benefits from HealthEquity.
Industry leaders are constantly looking for ways to create employer-sponsored programs customized to your unique health and tuition needs. HealthEquity will help you prioritize employee well-being.
COBRA involves complex rules to navigate. Don't risk noncompliance. Let HealthEquity manage your COBRA program and ensure continuity of benefits for your employees.
Engage360 Hub
HealthEquity's proven approach to engagement is designed specifically for benefits professionals. Engage360 includes original collateral, analytics, training, and the support you need to make a difference for your people and the organization. You’ll find things like:
Discover the updated reduced fee schedule for HealthEquity services, exclusively for Mass Bankers members.
Provide your employees with valuable resources to better understand and make the most of their spending account benefits.