HSA Companies

Why We Picked TASC? 

TASC administers Health Savings Accounts through its MyTASC platform. The HSA pairs with any carrier's HDHP, so employees keep the same account even if they switch health plans or change jobs. 

Everything runs through the same card, mobile app, and web portal TASC uses across its other benefit accounts. Therefore, HSA management sits alongside FSA, HRA, and other pre-tax benefits rather than in a separate system. 

Why We Picked BBP Admin? 

BBP Admin administers HSAs using WealthCare Saver as the custodian, giving participants a cash account and a choice of three investment paths — Managed, Self-Directed, and Brokerage — once the balance exceeds $1,000. 

The provider handles enrollment, compliance verification, and account servicing as a non-bank trustee and combines HSA, FSA, HRA, COBRA, and other benefit lines under a single administrator. 

Why We Picked Forma?

Forma's HSA, launched in partnership with DriveWealth, operates on a no-minimum-balance investment model, and under one platform, giving employees a single app and card for every pre-tax and post-tax account their employer offers. Employees submit claims through the Forma Store, the Forma Visa Card, or a reimbursement claim, all of which are backed by the same member support team.

Pros

• No Investment Minimum – Employees can direct HSA contributions into investments without clearing a balance threshold.

• Easy to Use – The interface is simple to navigate, with claims submission and reimbursement requests taking just a few steps.

• Fast Claims Processing – Support teams often approve expenses the same day and provide clear instructions.

• Broad Vendor Access – The Forma Store carries a wide range of eligible products and services, giving employees more ways to use their benefit dollars.

Why We Picked Benepass?

Benepass brings HSAs, FSAs, commuter, and lifestyle spending accounts together under one card and one app. The provider stands out for its low investment barrier, starting at $125, and for building its own banking infrastructure. This gives employers a single system for pre-tax and post-tax benefits, and gives employees a straightforward way to spend, track, and grow their HSA funds.

Pros

• Low-Barrier Investing – Employees can begin investing once they reach a $125 balance.

• Easy to Use – The app and card work smoothly, with tap-to-pay through digital wallets and a clear view of transactions and balances in one place.

• Responsive Support – Employees describe getting answers to account questions quickly, often within hours.

• Fast Reimbursements – The app resolves reimbursement issues quickly and efficiently.

Why We Picked HSA Bank, a division of Webster Bank, N.A.? 

HSA Bank, a division of Webster Bank, N.A., has focused on Health Savings Accounts since 2004. It now administers HSAs for more than 3 million individuals and 30,000 employer groups nationwide. The bank serves as its own custodian and administrator, so accounts open with penny funding rather than routing through a separate banking partner. 

Why We Picked HealthEquity, Inc.? 

HealthEquity is the largest independent HSA custodian in the U.S. by assets and account count. The provider administers HSAs alongside FSAs, HRAs, and COBRA for tens of thousands of employers. Its HSA is FDIC-eligible and comes with a debit card, an integrated Vanguard investment lineup, and 24/7 U.S.-based support by phone, chat, or app. 

Why We Picked MyChoice Accounts by Businessolver? 

MyChoice Accounts is Businessolver's in-house consumer-directed accounts platform that covers HSAs, FSAs, HRAs, and other tax-advantaged benefits.  

Because it runs within Businessolver's Benefitsolver system, enrollment, payroll deductions, and account balances are accessible from a single login, eliminating the need for a separate portal. 

Their HSA handles automated account opening, a single debit card, and an investment lineup of fractional-share ETFs added through partnerships with DriveWealth and Sentinel Group. 

Why We Picked Employee Benefits Corporation (EBC)? 

Employee Benefits Corporation (EBC) is an employee-owned third-party administrator managing FSAs, HSAs, HRAs, and COBRA for employers nationwide. 

Their HSA lets employees choose whether to spend, save, or invest their funds, with investing available once a balance clears $1,000 and everything running through a single Benefits Card shared across a participant's other tax-advantaged accounts. 

EBC also supports employers transitioning from a standard health FSA to a limited health FSA, so employees can pair it with an HSA without losing eligibility. 

Why We Picked Diversified Benefit Services, Inc? 

Diversified Benefit Services (DBS) is a third-party administrator that handles FSAs, HRAs, HSAs, and COBRA for employers nationwide. Their HSA runs alongside a Section 125 cafeteria plan, so contributions come out pre-tax, and DBS can pair the account with a limited-purpose or post-deductible FSA or HRA for employers who want to combine savings vehicles.