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Employer HSA
 

Employer Health Savings Account

A Health Savings Account (HSA) combines an affordable qualified High-Deductible Health Plan (HDHP) and a qualified Health Savings Account. This combination results in savings for employers and employees through lower health care premiums. 

HSA Advantages for Employers

Easy Enrollment Quick and easy setup that doesn't require the employee to visit the bank or have an existing relationship with Peoples to enroll.
Data Reports Receive insightful data regarding the use of HSA accounts by your employees through trends reporting.
Contribution Management Employer and employee contributions can be made with your regularly scheduled payroll. Process enrollments and contributions efficiently with easy-to-use import and recurring contribution processes. Multiple options are available for funding accounts, including scheduled contributions, file-based contribution submission, and recurring contribution processing.
Low Monthly Service Charge There are no transaction fees or limitations - just a $3.00 per month per account service charge that may be assessed to the employer or employee.
Tax Advantages Gain potential tax savings and control how much you contribute to your employees' HSAs.
Employee Management Easily respond to employees’ questions and issues and manage demographic changes with our easy-to-use employer dashboard. Whether employers want to know the status of file imports, access their reporting, or jump into employee-specific information, employers can quickly find what they need.

Readily access, run, and download reports.

Easily search for employee-specific information.


HSA Advantages for Employees

Mobile App Manage your account whenever and wherever you are through the Benefit Manager mobile app. Receive account balances and set alerts via text messages on any mobile device.
Card Controls Report your card lost or stolen anywhere through online or mobile access.
Payment Options Pay for qualified expenses with your no-charge Benefits Visa debit card.
Reporting Access a monthly statement online free of charge.  A monthly paper statement is also available for $5.00 per month. Account information is available online by logging into the Benefit Manager Portal and by phone at (844) 649-0803. 
Contribution Management Control how much you want to contribute to your account. 
Competitive Rate of Return HSA accounts are FDIC insured deposit accounts that earn a competitive rate of return. The account also offers tiered interest rates for greater earnings for higher balances.
Investments Take advantage of the opportunity to earn tax-free returns on your dollars saved with additional investment options.
eStatements Receive monthly account summaries electronically.
Tax Advantages Gain tax advantages by contributing pre-tax dollars, investing the money so it can grow tax-free, and withdrawing the money tax-free when used for qualified medical expenses. 
Track Expenses Track your expenses by uploading receipts online or through your mobile app using your camera.
Full Account Ownership Maintain full ownership of the money in your account. Take your account with you if you change employment or retire.
Roll-Over Balances Roll-over your account balance from year-to-year.
Transfer Funds Transfer funds from investment accounts (non-FDIC insured). Set up account-to-account transfers from any bank account.

Quickly find the information you need, when you need it.

Easily manage file imports.

HSA User Guide

Download our HSA User Guide. 

Employee Quick Start Guide

Login to Benefit Manager

Employer Employee

Get the Benefit Manager App

Manage your HSA account on your iOS or Android devices.

  • Check balances and transactions.
  • Submit receipts using your device.
  • View distributions and contributions.
  • Receive account balances.
  • Set alerts via text message.
  • Report a lost or stolen card.
  • And more.

Available on the App Store

 

Android App on Google Play

 

 

 

 

5 Star RatingPeoples Bank is rated 5-Stars by Bauer
Rating as of April 2024
| bauerfinancial.com