Health Savings Accounts (HSAs) with a balance of $10,000 or more can now be managed on the ESI Illuminations platform!
Whether or not this new option is a potential fit for a client often depends on when the client expects to use the funds. For example, a client who is currently using their HSA for ongoing medical expenses and is taking regular withdrawals may not be a good fit for ESI Illuminations. However, a client who has accumulated $10,000 or more in their HSA and doesn’t anticipate needing access to that money in the next 3-5 years may be a good fit for ESI Illuminations.
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What is an HSA?
An HSA is an individual account designed to work together with a high-deductible health plan (HDHP). It provides a triple tax advantage, is portable for the individual investor, and amounts in an HSA carry over from year to year.
Learn more about HSA accounts with the HSA Fact Sheet (Rep Use) from Fidelity.
Learn more about the Premiere Select HSA with the Fidelity HSA Frequently Asked Questions (Rep Use).
HSA Benefits to You
- Helps to further diversify your business
- Potentially increases your revenue and assets under management
- Provides more value to your clients, deepens client relationships, and improves client retention
- Supports small-business clients
The HSA Benefits for Your Clients:
- Triple tax advantage: Pretax contributions – Tax-free qualified withdrawals – Tax-deferred earnings
- Completely portable for individual investors
- No “use it or lose it”
- Flexibility and choice
Share this HSA Fact Sheet for clients!
Questions? We’re here to help! Please give ESI a call at 1-800-344-7437
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