Employee Benefits
HSA
Simplify your HSA experience with BPAS. From secure portals to first-dollar investing, we make HSA administration effortless for employers and employees alike – for smarter benefits and total confidence.
What We Do
What HSA services does BPAS provide?
Our all-in-one solution combines recordkeeping, compliance, custodial services, and investment management, so you can deliver comprehensive benefits without the hassle of multiple vendors.
Our HSA services include:
- Plan design, onboarding, and audit-ready compliance support
- Secure trust and custodial services with optional 3(21) or 3(38) fiduciary support
- Open-architecture investments, including first-dollar investing and Stable Value options
- Seamless single sign-on with retirement accounts
- Fast claims processing via debit card and online tools
- Participant education resources, plus partner-level branding and custom messaging
Why Choose Us
Why choose BPAS for an HSA?
Employers trust BPAS for our scale and expertise in making HSA administration as seamless as possible. With integrated systems that reduce administrative hassles, make compliance stronger, and provide direct participant support, we provide the flexibility to brand solutions for your organization.
Who Benefits
Who benefits from a BPAS HSA?
HSAs help employees cover today’s medical costs while building savings for future healthcare expenses, preserving 401(k) balances for retirement. BPAS works alongside health insurance brokers to support employee education—helping participants better understand healthcare costs and how to use and invest HSA funds for future needs.
Employers gain a tax-advantaged benefit that’s easy to administer, enhances retention, and integrates seamlessly with other plans.
HSA & 401(k)
HSA + 401(k): A Smarter Strategy
When paired with a high-deductible health plan (HDHP), HSAs unlock powerful tax advantages. By coordinating HSAs and 401(k) plans, employers simplify administration while employees save more efficiently. Plus, with single sign-on technology and the same investment menu options, participants are able to easily toggle between their HSA and 401(k) plans.
Ready to get started?
Simplify your HSA experience today and reach out to one of our dedicated representatives at 1-866-401-5272 or email [email protected].
Frequently Asked Questions
Yes. While HSAs and retirement plans are separate accounts, employers who offer both through BPAS benefit from simplified administration. Participants can access their HSA and 401(k) through a single login and easily move between accounts.
Yes. HSAs can be paired with a limited-purpose FSA for eligible dental and vision expenses. Your BPAS representative will help determine the right setup for your plan.
A Health Savings Account (HSA) is paired with a high-deductible health plan (HDHP) and allows participants to save tax-advantaged dollars for qualified medical expenses. Funds roll over year to year and can be used now or in the future, including in retirement.
Participants can pay for qualified expenses using a debit card or through the online claims portal. Debit card transactions are processed automatically, and receipts can be uploaded and stored for future reimbursement.
Yes. BPAS offers a non-proprietary, open-architecture investment lineup with first-dollar investing. Employers can designate a qualified default fund, and participants can change investments at any time.
Employees, employers, and third parties can all contribute to an HSA. BPAS supports payroll deductions and ACH contributions, and works with employers to set recommended contribution strategies.
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