HR Fast Facts: Getting Started With Health Savings Accounts (HSAs)
If your group offers a Health Savings Account eligible plan, you can sign up for an HSA through a benefits administration platform.
If your group offers a Health Savings Account (HSA) eligible plan, you can sign up for an HSA through a benefits administration platform.
To begin the setup process, you will likely need to provide this information:
- Company information
- Start date for the HSA
- Company contribution towards the plan
- Bank information
Usually, only administrators with HR permissions will have access to set up an HSA account. This means brokers do not have access to set an HSA up on behalf of a group.
