Benefits Administration
Health Savings Accounts (HSA)
The only triple-tax-advantaged benefit account available. Eagles helps employers and employees get the most out of their HSA — from enrollment through investment.
What Is an HSA?
A Health Savings Account (HSA) is a tax-advantaged savings account available to employees enrolled in a qualifying High-Deductible Health Plan (HDHP). Contributions are tax-deductible, growth is tax-free, and withdrawals for qualified medical expenses are tax-free — making HSAs the only triple-tax-advantaged account in the U.S. tax code.
Unlike FSAs, HSA funds roll over year after year and are owned by the employee — not the employer. Eagles helps employers set up and administer HSA programs that maximize value for both the organization and its workforce.
The Triple Tax Advantage
Tax-Deductible Contributions
Employee and employer contributions to an HSA are made pre-tax (via payroll) or are tax-deductible, reducing taxable income for both parties.
Tax-Free Growth
Funds in an HSA grow tax-free. Many HSA accounts offer investment options — allowing employees to invest unused balances in mutual funds and other vehicles.
Tax-Free Withdrawals
Withdrawals for qualified medical expenses — including dental, vision, prescriptions, and hundreds of other eligible items — are completely tax-free.
2025 IRS Contribution Limits
Limits are adjusted annually by the IRS. Eagles keeps your plan current.
What Eagles Handles
- HDHP eligibility verification and enrollment support
- HSA account setup and custodian coordination
- Employer and employee contribution management
- Payroll integration for pre-tax contributions
- Debit card issuance and transaction monitoring
- IRS contribution limit tracking and reporting
- Investment option education and enrollment
- Employee portal access and dedicated support
Why HSAs Matter
Benefits for Employers & Employees
Employee Ownership
HSA funds belong to the employee permanently — they roll over every year and go with the employee if they change jobs or retire.
Retirement Health Savings
After age 65, HSA funds can be withdrawn for any purpose (subject to income tax, like a 401k) — making HSAs a powerful retirement savings vehicle.
Lower Premiums
HDHPs paired with HSAs typically carry lower monthly premiums than traditional plans, reducing costs for both employers and employees.
Employer Tax Savings
Employer contributions to employee HSAs are tax-deductible and exempt from payroll taxes — a meaningful bottom-line benefit.
Ready to add an HSA to your benefits package?
Eagles will help you select the right HDHP pairing, set up the HSA program, and provide the education and support your employees need to make the most of their accounts.