Health savings accounts (HSAs) are individually owned accounts that can be sponsored by an employer. As a sponsor of an HSA, the employer can direct HealthEquity to open an HSA (by providing eligibility information), make contributions to the HSA, and pay account fees. Employers cannot see account balances, order replacement cards, view claims, make distributions or otherwise direct an HSA for their employees.
Actions an Employer Can Take
Complete initial HSA enrollment with accurate and up-to-date employee information. (If information is entered incorrectly or changes, it will be up to the employee to submit correction requests and documents to substantiate the changes).
Submit contributions to their employees’ accounts.
View contribution history; this includes Employer and Employee payroll contributions that were submitted by the employer. This will not include any contributions the individual has made through their HealthEquity member portal, or from another employer.
Submit contribution corrections when needed.
View card status, mailed date, and card type.
Encourage employees to use their member portal for resources, documents, and to make account changes.
Actions Employers Cannot Take
Add dependents or beneficiaries.
View claims.
Make distributions.
Order replacement cards for employees or their dependents.
Update personal information.
View HSA account balances or transactions.
Access employees’ tax forms or request for new forms to be mailed.
View communications sent to an employee.