Health Savings Account (HSA)
Powering Health Savings
A health savings account is a tax-advantaged bank account available to taxpayers who are enrolled in an (HSA) qualified high-deductible health plan (HDHP).
HSA Tax Benefits
HSAs offer triple tax benefits, making them one of the most tax advantaged accounts available.
- Deposits to your HSA are free of federal income tax and state income tax (in most states including Louisiana and Texas)
- Interest and investment earnings, within the account accumulate tax free
- All withdrawals from the account spent on qualified medical expenses are tax free
HSA Administration Services
At CPI, we offer our clients HSA administration. By combining decades of experience with consumer-driven design and technological innovation, we provide employers and employees with transparency and a paperless, digital way to manage their health savings account.
- Single-Fee HSA
- Proprietary industry first technology
- Dedicated customer success account manager for all group sizes
- Dedicated onboarding manager for all group sizes
- MOBILE app to manage HSA account
- Robust employer dashboard syncs with any payroll provider
- Deductible tracker syncs with any insurance carrier
- Access to real-time balance information, transfer
- status updates, debit card activation, etc.
ADDITIONAL SERVICES
- Investments via TD Ameritrade
- First Dollar-Personalized Investing
- Starter Penny
- HSA calculators
- Ongoing HSA education blog series
*not all plan designs are appropriate for a debit card
DOWNLOAD THE MYCPI MEDICAL APP
Manage Your Reimbursements on the Go
- Stay Up to Speed
Get to the healthcare account information you need—fast.
- Check Balances
Check your healthcare account balances quickly and easily.
- Scan Expenses
Scan a product barcode to help determine eligibility as a qualified medical expense.
- Make Payments Quickly
Record a health expense and capture the receipt the moment the transaction happens.
The Complete HSA Eligibility List
The most-comprehensive eligibility list available on the web.
From A to Z, find items and services deemed eligible for tax-free spending with your Health Savings Account, complete with details and requirements.
Important Reminder: FSAs, HRAs and other account types listed may not all be the same. Be sure to check with your administrator to confirm if something is eligible before making a purchase.
Save Money on Healthcare Expenses
Now, more than ever, healthcare dollars need to go further. With a Health Reimbursement Account (HRA), they can. HRAs are fully-funded by the employer and designed to help employees pay for medical expenses that may not be covered by insurance.
