Health Solutions

Alight Smart-Choice AccountsTM: reimbursement accounts to help your people save

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Putting aside money for current and future needs is important to all of your people. With Smart-Choice Accounts for healthcare, child care, transportation and education costs, you can make sure you’re retaining your best employees by helping them save and build wealth.

Easy for your employees

We offer single-sign-on customer care service integration with your benefits administration platform and enrollment tools. Your people have one debit card and one login to view all of their health account details. Our mobile app offers access to all of your health benefit accounts at your fingertips, allowing your people to submit claims and view real-time balances and transactions anywhere, anytime. Plus, we ensure your people understand how to manage their accounts with a robust library of online resources, videos, emails and calculators available to them.

Innovative payment solutions

Card processing, claims and banking are embedded in one system. This means that transactions are settled in real time, eliminating out-of-balance issues. Our customer care team can adjust denied claims in real time if needed and a higher percentage of claims are approved with a robust, easy-to-use portal.

Data you can use

Our sophisticated participant analytics and dashboards give you insights into how your people are using and saving with their Smart-Choice Accounts.

Easy for you

Need to change healthcare plans? Not a problem. Your Smart-Choice Accounts won’t need to move, and you can avoid disruption to your employees.

Frequently asked questions – Health Savings Accounts

Alight Smart-Choice Accounts include a variety of product offerings, but we receive frequent questions about the difference between an HSA, FSA and HRA. Learn more and better understand the right solutions for your employees.

A health savings account (HSA) allows you to set aside pre-tax funds to cover current and future qualified health care expenses. HSA funds roll over from year to year, earn interest and can be invested, making them a good long-term savings strategy to cover future health care costs. You must be enrolled in a qualified high-deductible health plan to be eligible for an HSA.

A flexible spending account (FSA) allows you to set aside pre-tax funds to cover current qualified health care expenses. FSAs are not linked to high-deductible health plans, and up to $500 in funds may roll over from year to year, depending on the employer’s plan design. Funds will not move with you if you leave the organization.

A health reimbursement account (HRA) is an employer-funded plan that reimburses employees for qualified out-of-pocket health care expenses. HRA funds may roll over from year to year, depending on the employer’s plan design, but funds will not move with you if you leave the organization.

To be eligible for a health savings account (HSA), you must be enrolled in a high-deductible health insurance plan.

There are many benefits to having a health savings account (HSA):

  • An HSA provides you with triple tax savings:
    • Tax deductions when you contribute to your account and/or tax-free income when your employer contributes to your account
    • Tax-free earnings through investments
    • Tax-free withdrawals for qualified medical expenses
  • HSA funds are flexible. Funds can be used to pay for current qualified health care expenses or saved and invested to cover future health care needs.
  • HSA funds are owned by you, not your employer. The funds are portable so you can keep your HSA even if you change your health insurance coverage or leave your organization.

Both the employee and the employer can make contributions to a health savings account (HSA).

The IRS determines how much an employee can contribute to their HSA.

The maximum amount for 2019 is:

$3,500 for an individual
$7,000 for a family

If you are age 55 or older as of 12/31/2019, you may also contribute an extra $1,000 as a catch-up contribution.

Our Smart-Choice Accounts include:

Want to learn more?

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