Much like Flexible Spending Accounts (FSAs), HSAs offer employees the opportunity for significant savings, allowing them to put pre-tax dollars aside towards out-of-pocket medical expenses.

The key difference between the two being that unlike FSAs, HSAs are owned outright by the employee, and aren’t subject to the strict one-year expiry period that an FSA is.

To effectively administer and answer employee questions around their HSA funds, it’s helpful for employers to keep close track of an employee’s contributions and balance at any given time.

With this Recipe, you’ll be able to view a list of your employees as well as their HSA information, including contribution amount, current balance, and when they last used their funds. That way, it’s easy to share details with employees as and when questions arise.

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