Help your employees manage their healthcare finances and prepare for the future.
We know that controlling costs and keeping your employees happy, healthy and engaged is important to you. Peak One Consumer-Directed Health Benefit Accounts can help you attain your goals!
Offering a qualified high-deductible health plan (HDHP) paired with a health savings account (HSA) can be a powerful strategy that allows you to not only reduce spending but also help your employees prepare to manage their growing healthcare responsibilities, both now and into retirement.
HSAs allow your employees to set aside pre-tax dollars for eligible healthcare expenses, while reducing your FICA and federal unemployment tax liability. Unused funds carry over year to year and your employees can invest what they don’t spend, enabling them to build a nest egg for the future. By empowering your employees to take charge of their spending, they remain invested in making smart healthcare decisions.
Investment Capabilities
Investing HSA funds allows your employees to accelerate their account savings, build wealth and ensure they have enough money set aside for healthcare expenses in retirement.
We make it easy for your employees
- Convenient self-directed investment options
- Easy online transfers between the HSA cash account and the investment account
- Online access to account history, fund performance, statements, portfolio reallocation, planning tools and more through the Wealthcare Portal
- Direct access to fund prospectuses
An HSA helps your employees:
- Offset rising health care costs with tax-free funds.
- Plan for future health expenses with tax-free investment accounts that grow year after year—no
“use-it-or-lose-it” annual requirement. - Easily monitor health spending with convenient debit cards and secure online account access.
- Plan for retirement—after age 65, participants can use HSA funds for non-qualifying expenses.
Features and Functionality
By offering a Peak One HSA to your employees, you can fight rising health insurance costs, offer greater depth and flexibility in your benefits packages, and promote healthy lifestyles with these powerful features:
- Health FSA, HRA, HSA, VEBA, dependent care, wellness, and transportation accounts are fully integrated in one platform.
- Web-based, fully integrated portals provide 24/7/365 access to account information.
- Reports generate automatically, with email alerts directing recipients to secure portals for viewing—creating a virtually paper-free administration process.
- Employees can access funds through online distribution requests, or by using a convenient benefits debit card.
- An integrated prepaid debit card provides seamless, flexible fund access and compliance.
- Distributions can be sent to employees by direct deposit or check.
- Employees can view account details, request distributions, update addresses, view statements, change beneficiaries, or allocate funds into an array of investment options using convenient online portals.
- Automated communication and email alerts ensure consistent messaging.
- HSA accounts are FDIC-insured cash and interest bearing.
Offer an HSA that delivers the employee experience and business results you want and need.
At Peak One, delivering convenient solutions backed by the highest levels of service is our top priority. We offer a cloud computing solution designed to provide you and your employees with the functionality, reliability, and integration you need. And you can be assured that we’ll support you with the highest levels of IT expertise and regular additions of new, productivity-enhancing features.