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Benefits of using a 3rd Party HSA

What we mean by a "3rd Party HSA" is that it is completely separate from similar solutions offered by most insurance providers. Why is that better? It comes down to two main reasons:

  1. Your company's HSA should be "Last Payer", after any applicable spousal insurance plans have been exhausted. If your company uses an HSA that is operated by their insurance company, unpaid claim portions automatically go to the HSA instead of a spousal insurance plan. Keep your group benefit costs down by using a separate HSA plan.
  2. A separate HSA requires the employee to makes decisions about how to spend their annual limit. The benefit is not "hidden" inside a large group plan.