|
||||||
![]() |
|
|||||
|
|
Our Products
Blue Healthcare Bank offers a full range of personal savings account products that complement high-deductible health plans (HDHP). These products allow employers to assist employees with healthcare-related expenses and help members manage their health expenses conveniently. Health savings accounts allow members to save money into tax-advantaged accounts. Qualified contributions made to HSAs are tax-deductible, and funds withdrawn to pay for qualified medical expenses are tax-free. More information about qualifying expenses and the HSA regulation, Section 213(d) of the IRS Tax Code is available on the IRS website.Depending on the level of integration a participating Blue company elects, Blue Healthcare Bank can provide support for HSA member pre-enrollment, group set-up, member enrollment, payment options, customer service, billing and reporting. Flexible spending accounts allow members to use pre-tax dollars for certain eligible medical and dependent care expenses. Members fund their FSAs with contributions that come out of their paycheck. As an FSA administrator, Blue Healthcare Bank provides support for member pre-enrollment, group set-up, member enrollment, payment options, qualified medical expense substantiation, customer service, billing and reporting. Health reimbursement arrangements are accounts that employers can establish for employees to reimburse a portion of their eligible family members’ out-of-pocket medical expenses, such as deductibles, coinsurance and pharmacy expenses. As an HRA administrator, Blue Healthcare Bank provides support for member pre-enrollment, group set-up, member enrollment, payment options, qualified medical expense substantiation, customer service, billing and reporting. |
|||||
|
||||||