The Transamerica HSA

High deductible health plans (HDHPs) give employees a lower-cost insurance option, but with lower premiums come potentially higher out-of-pocket costs.

With the Transamerica health savings account (HSA), you can offer an easy, integrated solution. Employees can pay qualified expenses now or save the money in their account to supplement their retirement income. With a unique triple tax advantage — no income tax on contributions, no tax on investment growth, and no tax on withdrawals when used for qualifying medical expenses — HSAs are a powerful tool to help employees plan, save, and take control of their future.

Benefits of the Transamerica HSA

Employers have choices when it comes to the administration of their HSA. Working with Transamerica as service provider for your retirement plan, employee benefits, and HSA can deliver cost efficiencies, convenience, and more:

  • Easy employee access – All Transamerica accounts can be accessed using one username and password through transamerica.com, and our customer service representatives are prepared to help with any of our products through a single phone number

  • Convenience – Employees pay medical expenses immediately with the HSA debit card or through the mobile app (single card for HSA, FSA, HRA, and QTAs)

  • Education support – Coordinated, consistent employee education and communication from Transamerica, encouraging employees to take charge of their financial picture

  • Investment flexibility – Have a Transamerica retirement plan? Use a subset of your existing retirement plan investment lineup, or the default Transamerica HSA lineup established by a third-party registered investment advisor (RIA)

  • Competitive fees – Simple, straightforward pricing based on number of eligible employees

  • Easy administration – Everything you need to manage your plans in one place

 

More resources to explore

Spending Accounts

Transamerica offers a variety of tax-advantaged spending accounts to help meet the needs of your employees.

HRA 101

HRA 101 flyer

Learn the basics and benefits of a health reimbursement arrangement

Medical FSA 101

Medical FSA 101 flyer

What you need to know about the benefits of medical flexible spending accounts

Limited FSA101

Limited FSA 101 flyer

Understand how a limited flexible spending account may help employees manage healthcare spending

Dependent care FSA 101

Dependent Care FSA 101 flyer

Learn how dependent care flexible spending accounts can help employees

Commuter savings

Commuter Savings flyer

Find out how a qualified transportation account can benefit your company

ICHRA 101

Individual Choice HRA 101 flyer

What to know about individual coverage health reimbursement arrangements

Call your Transamerica representative at 888-401-5826 to learn more about how Transamerica can help your employees manage their finances and healthcare expenses, now and in retirement.

Health savings products and services offered through Transamerica Health Savings Solutions, LLC. All Transamerica companies identified are affiliated.