Health savings accounts
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TIAA Health Savings Account administered by HealthEquity1​

The TIAA Health Savings Account (HSA) is available to institutional clients that offer an HSA-qualified high deductible health plan (HDHP) 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 that they have more control of how to pay and save for healthcare expenses. The investment potential of health savings accounts also gives employees the opportunity to grow their HSA savings for the future.  Your employees will enjoy:

Online integration

View all TIAA accounts including retirement plans and health savings account balances together on tiaa.org or the TIAA mobile application. Through single sign on, employees can manage their HSA on the TIAA HSA member portal at healthequity.com
 

Smart investment options2

The TIAA Health Savings Account offers a diversified standard investment menu of low cost TIAA-CREF and other mutual funds.
 

Remarkable service

TIAA's client service team is available 24/7 every day of the year to answer employee questions and provide personalized ongoing education to help them make informed decisions about how to best use their TIAA HSA for their personal situation.
 

Engaging communications and tools

Powered by over 120 years of collective experience, TIAA and HealthEquity are able to provide your employees with engaging educational resources, online calculators, mobile application, and personalized online messaging to name a few  ̶  to help them get the most out of their health savings account.
 

Easy setup and administration

With over 160 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 the
TIAA HSA

  • Any institutional client who is planning to offer, or already offers, an HSA qualified High Deductible Health Plan (HDHP) for their employees.  To learn more, contact your TIAA relationship manager or email us at tiaahsainfo@TIAA.org.

  • In today’s environment, offering attractive and cost efficient benefits packages is a top priority for employers who are seeking solutions to lower their healthcare expenses while providing solutions to help their employees improve their financial well-being.  High deductible health plans generally have lower premiums than traditional health plans and HSA contributions through payroll deductions result in FICA and income tax savings for employers.

  • 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 in a diverse menu of TIAA-CREF, Vanguard and BlackRock mutual funds 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 and manage healthcare spending.
     
    What resources are available to help employees understand how HSAs fit into their retirement planning goals?
    The TIAA HSA Resource Center delivers an engaging experience to help your employees learn how they can power up their savings goals through an HSA.
     
    What is the standard investment menu?
    The standard investment menu is composed of a diversified menu of low cost TIAA-CREF, Vanguard and BlackRock mutual funds.

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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