Getting Started with Health Savings Accounts (HSAs) in Zenefits

If your group offers a Health Savings Account (HSA) eligible plan, you can sign up for an HSA administered through Zenefits.

To begin the setup process, you can take the steps below.

  1. Click the Health Savings Account app.
  2. Proceed through the self guided setup flow where you'll enter:
  • Company information
  • Start date for the HSA
  • Company contribution towards the plan
  • Bank information
Keep in mind, only administrators with HR permissions will have access to set up an HSA account. This means brokers with our Certified Broker Partner program do not have access to set an HSA up on behalf of a group. The group administrator(s) will need to set this up on their own.

Note: If you don't see the Health Savings Account app and you're an administrator with HR permissions, this means your group doesn't currently offer an HSA eligible plan.

Are there any fees associated with enrolling in the HSA?

This page outlines the monthly fees for employees who are participating in an HSA. HSA Service Fees The HSA has a monthly service fee of $ 2.50 and $ 1.25 paper surcharge ... Learn more

What are the tax advantages of an HSA?

The tax advantages of an HSA make it a powerful long-term savings vehicle. Employees can contribute funds to an HSA on a pre-tax basis, or contribute post-tax and recogniz... Learn more

What are the eligibility requirements for an HSA?

Individuals must meet all of the following IRS-defined criteria in order to be eligible for opening and contributing to an HSA. Recommended Email Response Copy and paste... Learn more

Are there any fees to offer employees an HSA?

Employers pay no administrative fees for HSAs. Recommended Email Response Copy and paste the below text as part of the Answer section of the email to the client. Emplo... Learn more

When can I set up an HSA plan?

If your company is offering a compatible high-deductible health plan (HDHP), you can set up an HSAat any time. Your HSA plan’s start date depends on when you finish setting up y... Learn more

How do employer contributions work for HSAs?

Employers can choose to make optional contributions to employees' HSA accounts up to  ~$295.83 in 2020. This limit includes the combined total of both employer and employee cont... Learn more

What are the contribution limits for an HSA?

The IRS places limits on the maximum allowable annual HSA contributions. Recommended Email Response Copy and paste the below text as part of the Answer section of t... Learn more

Which HSA providers does Zenefits partner with?

Zenefits supports health savings accounts through a provider called Avidia Bank. Recommended Email Response Copy and paste the below text as part of the Answer section ... Learn more

When can I enroll in an HSA?

As long as you’re enrolled in a compatible high-deductible health plan (HDHP), you can enroll in an HSA at any time through the HSA app in your Zenefits dashboard. Your HSA’ s s... Learn more

Key Terms for Health Savings Accounts

A glossary of key terms related to Health Savings Accounts (HSAs). Health Savings Account Terminology Accelerated HSA: The IRS allows employers making pro-rated cont... Learn more

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