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Compare the three savings account options that can be paired with Consumerism plans.
Health Savings Accounts (HSAs)¹ BlueSaverSM Health Account Solutions
HSAs are member-owned savings accounts that can be funded by an employer, employee, or both. In combination with a high deductible health plan, an HSA is a cost-effective way to give employees greater control over health care planning, saving, and spending. HSAs provide a tax-free savings vehicle for medical expenses. HSA funds belong to employees, so they can keep the funds if they change jobs or health plan coverage and when they retire.
HSAs are available to groups of 2+ employees.
Independence Blue Cross does not provide HSA administration. However, IBC has a preferred relationship with The Bancorp Bank to provide HSA administration services to customers. Customers may also use any HSA administrator of their choice.
Get more information about HSA tax advantages by visiting The Bancorp Bank website.
¹ The Bancorp Bank of Wilmington, DE, is a federally qualified bank offering HSA trustee services. It is not affiliated with Independence Blue Cross.
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