Driving the future of Health Savings Account (HSA) accessibility
HealthEquity is committed to saving and improving lives by giving consumers more choice and control over their health and financial wellbeing. Through education, advocacy, and innovation, we work to make health savings accounts more accessible and easier to use for all Americans.
Who we are and what drives us
HealthEquity's Public Policy, Government Affairs, and Advocacy (PPGA) team works with legislators, regulators, and industry groups to promote policies that expand access to tax-advantaged health benefits. We are proud members of the National HOPE Alliance, working to help all Americans achieve financial wellbeing.
A report found that 40% of workplace-insured Americans delaying care due to cost. According to KFF's Health Care Costs and Affordability, health spending continues to outpace inflation. CBS MoneyWatch reports that many Americans struggle to cover emergency expenses. KFF's Americans' Challenges with Health Care Costs details the rising burden on families.
Our focus
We focus on expanding access to HSAs and other tax-advantaged health benefits, simplifying benefit administration, and educating consumers about their healthcare savings options. Our work spans federal and state policy, industry collaboration, and direct consumer engagement.
PPGA efforts and other programs
Political Action Committee (PAC)
HealthEquity's PAC supports candidates who champion policies that expand access to tax-advantaged health benefits and improve healthcare affordability.
Lobbying and political activity
We engage with policymakers at the federal and state level to advocate for legislation that benefits consumers and employers.
Making healthcare more affordable and accessible
Health Savings Accounts (HSAs)
HSAs help individuals and families save for qualified medical expenses with triple-tax advantages. HealthEquity advocates for expanding HSA eligibility and increasing contribution limits.
Healthcare FSAs and Dependent Care Flexible Spending Accounts (DCFSAs)
According to Money, Workers Lose $3 Billion a Year in FSA Contributions (and Employers Get to Keep It). FSAs allow employees to set aside pre-tax dollars for eligible healthcare expenses, while DCFSAs cover dependent care costs.
HRAs
Health Reimbursement Arrangements allow employers to reimburse employees tax-free for qualified medical expenses and individual health insurance premiums.
Health Payment Accounts (HPAs)
HPAs are employer-funded accounts that help employees pay for out-of-pocket healthcare expenses, complementing other benefit programs.
COBRA (Consolidated Omnibus Budget Reconciliation Act)
COBRA provides continuation of group health coverage for employees and their families after qualifying life events such as job loss or reduction in hours.
Lifestyle Spending Accounts (LSAs)
LSAs are employer-funded accounts that reimburse employees for wellness, fitness, personal development, and other lifestyle expenses.
Commuter benefits
Commuter benefits allow employees to use pre-tax dollars for qualified transportation and parking expenses. According to Bankrate's report on the Average cost of commuting in 2023, these benefits provide meaningful savings for workers.
Guidance for smarter healthcare spending
HealthEquity provides resources and tools to help consumers make informed decisions about their healthcare spending. From educational content to personalized guidance, we empower individuals to maximize their benefits.