Simplify

FSA • HSA • HRA • COBRA • Transportation

A Health Savings Account can save thousands on healthcare by cutting income taxes, growing savings tax-free and lowering health insurance premiums.

Health Savings Account

Put our experience to work for you. Discovery’s extensive experience in the FSA and HRA market place translates to exceptional customer service and administration in the HSA and Consumer Directed Health Care arena.

Our custodian is HealthcareBank. HealthcareBank’s investment management team provides investment expertise for Discovery’s HSA product. HealthcareBank carefully selects the mutual funds to provide account holders with a variety of options to meet a variety of investment needs. Chose from asset allocation funds, where the mix of investments is done for you, or select style specific funds and create your own investment mix.

We offer:

  • Coordination of limited FSA and HRA in conjunction with an HSA when offered within one plan and when all plans are administered by Discovery

  • Administration of HSA within cafeteria plan or as a standalone benefit

  • Online entry of withdrawal requests

  • Variety of HSA investment options

  • Benefits Debit Card (coming soon in 2008)

  • HSA Web inquiry

  • Electronic reporting

  • Daily processing of manual claim submissions/withdrawal requests

  • Free Direct Deposit