MyChoice Accounts by Businessolver

MyChoice Accounts is an intelligent, bank-like administration platform for HSAs, FSAs, HRAs, LSAs, commuter, and other tax-advantaged benefits that empowers employees to plan, spend, and save with confidence while equipping employers with transparent, real-time insight. Integrated with Benefitsolver, it becomes a singular ecosystem that connects enrollment elections, eligibility, payroll, funding, and experiences in one place; balances, transactions, and contributions update in real time, and expert member support, communications, and compliance are coordinated to proactively clarify choices and strengthen financial wellness. Employers gain simplified oversight across plans and a set of controls, reporting, and guardrails that anticipate needs and reduce manual work.
As a stand‑alone administration offering, MyChoice Accounts delivers the same powerful account management, cards, claims, contributions, substantiation, and timely reimbursements, with flexible data connections to any HR, payroll, or benefits administration system. The experience understands diverse users with straightforward guidance, proactive nudges, and a transparent fee structure. Brokers and advisors can position it as a compliant foundation that improves adoption and outcomes across accounts, without requiring a platform change. Either way, MyChoice Accounts empowers clients with responsible intelligence and operational discipline, helping every employee maximize tax advantages and financial wellness, and helping employers drive measurable efficiency and clarity today.