Pairing Paytient with HSAs and FSAs
Providing employee health benefits comes with a lot of responsibility—and acronyms.
Paytient’s interest-free line of credit makes it easier to access and afford care and works alongside existing HSAs or FSAs. After each transaction, employees can choose to repay via payroll or link a tax-advantaged account to pay off their balance with pre-tax dollars.
Whether planned or unexpected, healthcare decisions are also financial ones.
Why Pair Paytient with an HSA?
Paytient makes additional funds available to supplement employees’ existing HSAs, creating financial flexibility so members can make the most of their tax-advantaged accounts.
- Employees can use Paytient to pay for care before they have accrued sufficient HSA balances.
- If an employee’s goal is to take advantage of the compounding effects of investing their HSA dollars, they can use their Paytient credit line to cover costs and let their savings grow.
- When using Paytient, employees aren’t required to follow the same qualifying expense guidelines as HSAs or FSAs, so employees can use their Paytient card to address care costs that might not normally be covered.
Paytient and HSAs aim to make wellness affordable and accessible, but when used together, they brighten your employee’s financial and physical outlooks in the present and future.
Why Pair Paytient with an FSA?
FSAs are a great complement to Paytient members when they’re used in tandem.
Paytient can help pick up the slack when FSA funds run out. Employees should spend all their funds before the next enrollment period because FSAs are a “use it or lose it” benefit.
And when that account is tapped, Paytient provides a convenient, interest-free safety net for care consumers. Paytient members receive a virtual or physical Visa card with a credit allowance that can be used and repaid over and over again throughout the year.
Paytient pairs easily with any health plan.
With a Paytient Health Payment Account, employees can pay for care for their whole family — including pets. After each transaction, they choose an interest-free payment plan that fits their budget.
- On-demand line of credit with a limit set by the employer.
- Pays for medical, dental, vision, pharmacy, and/or vet care.
- No credit check promotes equitable access.
- Providers are paid in full.
- Employers are not on the hook for unpaid balances.
Paytient pairs easily with any health plan, can be introduced off-cycle, and compliments HSAs/FSAs and other financial wellness benefits.
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