Here's what the HealthEquity® HSA has to offer:
Compare a HealthEquity® SmartSaver HSA™ account to what a typical HSA offers:
| | HealthEquity | Typical HSA |
| FDIC Insured Account |
X |
X |
| Free Debit Card |
X |
X |
| Transaction Statements and Tax Documents |
X |
X |
| Online Bill Pay (PayChoice™) |
X |
|
| 24/7 Access to a HealthEquity Specialist |
X |
|
| Free Investment Options |
X |
|
| Ability to schedule payments over time |
X |
|
| Prescription Drug and Medical Treatement Pricing Tools |
X |
|
| Employer Portal |
X |
|
| Broker Portal |
X |
|
Seamless Integration. - Enrollment/Eligibility
- No separate forms required. Send us an electronic eligibility file and we take care of the rest.
- Claims and Payments
- HealthEquity has created a revolutionary integrated PayChoice™ payment platform that links your claims to our health care accounts. Members have multiple options when they use PayChoice, including:
- Email notification to the member when a claim is ready to be paid.
- Ability to have claims automatically paid from the health savings account.
- Phone or web – members can call us or log onto the web site to process payment
- Scheduling payments based on future contributions
- Tying specific claims to specific payments, which makes for better record keeping
- Formulary
- We take your formulary information, identify potential savings opportunities, and communicate those to your member.
HealthEquity has integration down to a science, having completed more than 25 successful integrations with nationally recognized health plan providers, in four weeks or less.
PayChoice™ payment platform — Our proprietary online account management system allows members to
- pay claims online
- schedule future payments
- track debit card transactions
- view account history
- save records for future tax-free withdrawals
- request reimbursements
Investment Mutual Fund Options — HealthEquity has partnered with leading mutual funds to provide a selection of high quality investments with no trading fees.
HealthEquity Specialists — 24/7 toll-free member service featuring specialists who can provide information to help members better understand and manage the financial side of their health care.
Transaction Statements, Tax Documents and Tips — We supply members transaction statements and all appropriate tax documents.
HealthEquity HSA VISA® Debit Card — Every member receives a free debit card that can be used to pay for qualified medical services.
Medical Treatment Pricing Tool — Members have access to pricing information for medical services in their zip code area for both in and out-of-network care to help them avoid being overcharged, budget for future care, and, in general, make more educated decisions about their health care spending. Information is available on the web and by calling a HealthEquity Specialist 24 hours a day, 7 days a week.
Prescription Drug Pricing Tool — Members can identify lower cost medications and generic alternatives as well as find information about drug interactions and side effects. Information is available on the web and by calling a HealthEquity Specialist 24 hours a day, 7 days a week.
For more information, please feel free to call us at 801-727-1000, or e-mail us at healthplansales@healthequity.com .