Health savings accounts
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Introducing the TIAA Health Savings Account administered by HealthEquity®1

The TIAA Health Savings Account (HSA) is available to institutional clients that offer an HSA-qualified health plan to help employees save for and manage their healthcare expenses now and in future.
Benefits
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Help your employees take control of healthcare expenses

The TIAA Health Savings Account gives employees greater financial confidence knowing they have more control of how to pay and save for healthcare expenses. The investment potential of health savings accounts also gives employees the option to grow savings for the future.  The TIAA Health Savings Account offers:

Online integration

View retirement plan and health savings account balances together on tiaa.org.
 

Smart investment options3

The TIAA Health Savings Account offers top-ranked investments from Nuveen.
 

Remarkable service

HealthEquity’s member services team is available 24/7, to answer employee questions and provide personalized ongoing education to help them make smart, well-informed healthcare decisions.
 

Engaging communications and tools

HealthEquity offers educational resources and communication as well as online tools  ̶  a user-friendly web portal, online calculators, mobile applications, and personalized online messaging to name a few  ̶  to help employees make the most of their health savings account.
 

Easy setup and administration

With over 120 health plan partners and a flexible proprietary platform, you will experience the convenience of seamless integration and a smooth implementation. Implementation of the TIAA Health Savings Account could take as little as 45 days and ongoing administration will be made easy through the HealthEquity employer portal.  
Common questions

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Frequently asked questions about Health Savings Accounts

The TIAA Health Savings Account will be available for the 2020 benefit year.  To learn more, contact your TIAA relationship manager or email us at tiaahsainfo@TIAA.org.
The TIAA Health Savings Account will be administered by HealthEquity, Inc. a leading provider of HSAs whose core focus is on providing the best HSA experience for employers and employees. HealthEquity’s consumer-driven approach provides an integrated solution with exceptional service, operational excellence, comprehensive and engaging tools and motivating educational resources.
There are many benefits to employees owning a health savings account, including:
  • Tax-advantages: Triple tax-free advantages  ̶ contributions made through payroll deduction, growth on investments and distributions for qualified medical expenses are all tax-free.3
  • Flexibility: Choose to spend on current medical expenses or to save and invest a portion of the health savings account balance to pay for medical expenses in retirement.
  • Portability: Health savings accounts are portable and stay with the employee regardless of changing jobs or health plans.
  • Control: Owning and using a health savings account puts employees in the driver seat of how to allocate healthcare spending.

Resources
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Want to learn more about health savings accounts?

Here are some resources to help your employees learn more about health savings accounts and how they compare to other healthcare expense accounts.

Get in touch

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Getting started is fast and easy


Take advantage of a simple and streamlined implementation process as well as access to helpful resources for you and your employees.
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Online onboarding with TIAA Health Savings Account implementation that could take as little as 45 days.
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Access to an integrated health plan and retirement data platform.
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Access to top- ranked investments from Nuveen and comprehensive educational resources and tools to help participants get the most out of their health savings accounts.
We’re here to help you address key questions and take action. For more information, contact your TIAA relationship manager or email us at tiaahsainfo@TIAA.org
Nothing in this communication is intended as legal, tax, financial or medical advice. Always consult a professional when making life changing decisions.
 
1The TIAA Health Savings Account is administered by HealthEquity, Inc. TIAA and HealthEquity are not legally affiliated.
 
 
2This material is not a recommendation to buy, sell, hold, or roll over any asset, adopt an investment strategy, retain a specific investment manager or use a particular type of health coverage or account type. It does not take into account the specific health status, investment objectives, tax and financial condition or particular needs of any specific person. Federal, state, and local tax treatment of HSAs and distributions may vary. Account holders should discuss their specific situation with their legal, tax or financial professional. Investments made available to HSA holders are subject to risk, including the possible loss of the principal invested, and are not FDIC or NCUA insured, or guaranteed by HealthEquity, Inc. Investing through the HealthEquity investment platform is subject to the terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement. Investing may not be suitable for everyone and before making any investments, review the fund’s prospectus. Consult your advisor or the IRS with any questions regarding investments or on filing your tax return.
 
3Federal, state, and local tax treatment of HSAs and distributions may vary. Account holders should discuss their specific situation with their legal, tax or financial professional.
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