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Health Savings Account (HSA)

A personal account for healthcare spending, saving, and investing

Overview & Eligibility

Employees can enroll in a health savings account (HSA) to experience tax savings on qualified healthcare expenses such as copays, deductibles, prescriptions, over-the-counter drugs and medications, and prescriptions. There is no use-it-or-lose-it rule, meaning employees can save and invest when they can or spend on eligible healthcare expenses as needed. Employers receive FICA tax savings for every employee who contributes to an HSA.

To enroll in a HSA, employees must already be enrolled in an HSA-qualifying high deductible health plan (HDHP).

For an in-depth look at HSAs, check out our Ultimate HSA Guide

2022 Contribution Limit:

Single – $3,650

Family – $7,300

This is the maximum amount that can be contributed to an HSA each year per the IRS.

The Value for Employees

Triple Tax Savings
Triple Tax Savings

Every dollar an employee contributes to an HSA lowers their taxable income, funds grow tax-free, and withdrawals for qualified expenses are tax-free.

Employee-Owned
Employee-Owned

It’s a personal savings account owned by the employee. They can keep it even if they change jobs or retire. Employees receive an Ameriflex Debit Mastercard linked to their HSA that can be used for eligible purchases everywhere Mastercard is accepted.

Investing & Saving
Investing & Saving

Employees can save and invest their funds with over 30 investment options. HSA funds roll over year to year, allowing long-term growth if there are no immediate spending needs.

The Value for Employers

Cost Savings
Cost Savings

Since contributions to HSAs are taken out pre-tax, no payroll taxes are due on the amounts employees contribute to the HSA.

Employee Engagement
Employee Engagement

Helping employees save money on their everyday medical expenses can aid in employee retention and recruitment. Employers can also make contributions to the HSA to encourage adoption.

Expert Support
Expert Support

The Ameriflex Client Relationship Team is eager to answer questions and provide assistance. Our Net Promoter Score (NPS) far exceeds the healthcare average.

30+ Investment Options

An Ameriflex HSA provides participants more options to maximize their financial savings and growth. Participants can choose to invest a portion of their HSA funds in a variety of 30+ mutual funds. 

No Hidden Fees

We don’t believe participants should have to pay extra fees to reach their full savings potential. By eliminating hidden fees, participants keep more of their hard-earned money for current and future health needs.


$1,000 Investment Threshold

While many HSA administrators require a $2,000+ account balance before funds can be invested, Ameriflex has a modest $1,000 investment balance requirement, allowing participants to invest their money faster.

The annual HSA contribution limits are subject to inflation each year. Catch-up contributions can be made by individuals 55 or older in addition to the annual contribution limit.

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