TOP 5 REASONS TO HAVE AN HSA TODAY

<November 14, 2018>



Now more than ever, Americans just like you are turning to Health Savings Accounts (HSAs) to make healthcare more affordable. An Avidia HSA empowers you to pay for qualified medical expenses and save for the future with reduced monthly premiums through an accompanying HDHP.


So, what’s the buzz all about? See for yourself with these 5 perks that’ll make you want to enroll in an HSA today!


1 Triple Tax-Advantaged

HSAs have three tax advantages. Contributions are tax-free, potential interest gains accumulate tax-free and distributions are tax-free when used to pay for qualified medical expenses. This means contributions to your HSA are made prior to your income being taxed, you don’t pay taxes on account growth and you won’t be taxed when using the funds to pay for qualified medical expenses. That’s what we call a triple win! Plus, with zero monthly maintenance fees through Avidia, you’ll save even more.


2 Savings Solution for Future Health Needs

Think of it as, well, a savings account for your health! An HSA with an accompanying High Deductible Health Plan reduces your overall monthly premiums. You can redirect this money that would have been spent on monthly premiums to your HSA. Unused contributions accumulate and can be used for future medical expenses or to supplement retirement income. For example, unused funds in your HSA can be used to pay COBRA or other medical insurance premiums during periods of unemployment.


3 Flexible Funds

Your HSA funds can be used for non-medical related expenses. However, there is a 20% penalty before age 65 and ordinary income tax will be charged on the money withdrawn for non-medical reasons. At age 65 remaining HSA funds can be withdrawn for non-medical related expenses without penalty. Plus, Avidia makes it convenient to access your HSA funds with a debit card. Paper checks can also be provided.


4 Investment Options

HSAs are powerful financial tools that help you pay medical expenses. But your HSA can do much more than that. As an Avidia HSA participant, you have the opportunity to utilize our optional investment account service available through our partnership with Devenir. When you open an investment account you will be able to invest a portion of your HSA balance in mutual funds, where they earn tax-free interest. View our investment options here.


5 Portable

Unlike an FSA, the accumulated balance in your HSA rolls over from year-to-year. You own all HSA account funds. When you change employment or retire, your funds move with you! No ‘use it or lose it’ rule with Avidia.


So, don’t delay on gaining healthcare savings. Open an HSA today! Avidia HSAs are easy to open, easy to use and easy to manage. You can open an HSA on your own or through your employer.


Learn more about enrolling today

ATTRACT TOP TALENT WITH AN AVIDIA HSA

<November 12, 2018>



In a swiftly expanding job market, it’s more challenging than ever before for employers to attract and retain top talent. Employees are looking for much more than competitive pay in a job offer. They desire high quality benefits that allow flexibility and deliver more options. An Avidia Health Savings Account with an accompanying HDHP is a highly coveted employee benefit, and one that you could be using as a recruitment tool today..


Consider these 3 key reasons an Avidia HSA helps to attract top talent:


1 Flexible Funds

HSAs are a unique option for employees because the employee owns the account. Unlike FSAs, HSA funds roll over year to year with no use-it-or-lose-it rule. These funds accumulate over time and the employee carries the HSA with them regardless of whether they change jobs or retire. Plus, an employee can use these funds for non-eligible medical expenses after the age of 65.


2 Affordable Healthcare Option

High Deductible Health Plans (HDHP), also known as HSA compatible health plans, cost less for employees each month over traditional plans. As healthcare costs continue to rise, this plan along with an HSA provides an alternative and more affordable option for employees. Savings gained from reduced monthly premiums can be placed into their HSA which accumulates tax free.


3 Triple-Tax Advantage

HSAs have three tax advantages for employees. Contributions to HSAs are made prior to income tax, taxes aren’t paid on account growth and funds aren’t taxed when used to pay for qualified medical expenses. For employers, the contributions made to employees’ HSAs are tax-deductible for the year in which they were made.


While offering employees an HSA is a great way to attract top talent, having a partner that’s dedicated to the highest quality of service is vital to retaining them. At Avidia, delivering a tailored HSA solution for your business is our sole focus. We deliver the most value in HSAs with zero monthly maintenance fees, along with the personalized service your employees deserve.


View our HR HSA Digital Kit today for complimentary HSA resources.


View HSA Digital Kit

HOW YOU CAN SCORE BIG HEALTHCARE SAVINGS WITH AN AVIDIA HSA

<December 12, 2018>



We all know that healthcare is expensive, and costs are continuing to rise. So how do you obtain quality coverage at an affordable price? Think HDHP & HSA!


A High Deductible Health Plan (HDHP) combined with an Avidia HSA allows you to pay less on your premium each month while still obtaining high quality coverage. These unused premium funds are then invested by you into your HSA so when the need for a doctor’s visit does arise, you can tap into these tax-free savings to pay for the higher deductible. Think a high deductible is scary? Don’t fear! Once you meet your yearly deductible, your insurance plan kicks in to cover the rest, much like a traditional coverage plan.


When you get a HDHP with an HSA, you can gain 3x the savings on healthcare, plus additional Avidia only savings. Here’s how:


TAX-FREE CONTRIBUTIONS

Contributions to your HSA are tax-free because they’re made prior to income tax.


INTEREST ACCUMULATES TAX-FREE

Taxes aren’t paid on account growth for HSAs, allowing interest to accumulate tax free.


TAX-FREE HEALTH CARE

When used to pay for qualified medical expenses, like doctor’s visits and medical goods, HSA funds are not taxed. Plus, you can use these funds for non-eligible medical expenses after the age of 65.


ZERO MONTHLY MAINTENANCE FEES

With an Avidia HSA, you’re charged ZERO monthly maintenance fees allowing you to save even more on healthcare!


Want to learn more about why you should get an Avidia HSA? Watch our WHY HSA video here!

HOW HSAs CURVE RISING HEALTHCARE COSTS FOR EMPLOYEES

<December 12, 2018>



According to an article by the Advisory Board, US consumers spent a whopping 3.5 trillion dollars last year on healthcare. That number is predicted to continue to rise in 2019. The average health plan costs a single person $450 per month, with the family plan costing around $1,200, not including deductibles. Are your employees struggling to keep up with these growing healthcare expenses? The answer is likely yes. So, what’s a dedicated HR representative or employer like yourself to do? The answer is simple – offer a high deductible health plan (HDHP) with an accompanying HSA.


A HDHP combined with an Avidia HSA allows the employee to pay less on their premium each month while still obtaining high quality coverage. These unused premium funds are then invested by the employee into their HSA so when the need for a doctor’s visit does arise, the employee can tap into these tax-free savings to pay for the higher deductible. Think a high deductible might scare your employees? Don’t fear! Once the employee meets their yearly deductible, their insurance plan kicks in to cover the rest, much like a traditional coverage plan.


When you offer a HDHP with an HSA, you offer your employees 3x the savings on healthcare, plus additional Avidia only savings. Here’s how:


TAX-FREE CONTRIBUTIONS

Contributions to an HSA made by your employees are tax-free because they’re made prior to income tax


INTEREST ACCUMULATES TAX-FREE

Taxes aren’t paid on account growth for HSAs, allowing interest to accumulate tax free.


TAX-FREE HEALTH CARE

When used to pay for qualified medical expenses, like doctor’s visits and medical goods, HSA funds are not taxed. Plus, an employee can use these funds for non-eligible medical expenses after the age of 65.


ZERO MONTHLY MAINTENANCE FEES

With an Avidia HSA, your employees are charged ZERO monthly maintenance fees allowing them to save even more on healthcare!


While offering employees an HSA is a great way to assist them save on healthcare, having a partner that’s dedicated to the highest quality of service is vital to helping them make the most of their account. At Avidia, delivering a tailored HSA solution for your business is our sole focus. We deliver the most value in HSAs with zero monthly maintenance fees, along with the personalized service your employees deserve.


View our HR HSA Digital Kit today for complimentary HSA resources.


View HSA Digital Kit

Ready to speak with an Avidia representative to learn more about what an HSA can do for your employees? Contact Lynda Westbrook at l.westbrook@avidiabank.com or 978.875.2453 today.


HEALTHCARE SAVINGS, RETIREMENT PERKS AND INVESTMENT OPTIONS - OH MY!

<January 1, 2019>



Healthcare savings, retirement perks and investment options? Oh my! What account could offer all of these things?


Any guesses? That’s right! A Health Savings Account. Now more than ever before, Americans are turning to HSAs to make healthcare more affordable. An Avidia HSA empowers you to save for the future and pay for qualified medical expenses today. Take a look at exactly how an HSA through Avidia offers savings in healthcare, retirement perks and investment opportunities by reading below.


Healthcare Savings

An HSA with an accompanying HDHP is a smart, alternative way to pay for healthcare expenses and a savings solution for future healthcare needs. Another great feature to note, HSAs are triple tax-advantaged. Contributions are tax-free, potential interest accumulates tax-free and distributions are tax-free when used to pay for qualified medical expenses. And with zero monthly maintenance fees through Avidia, you save even more!


Retirement

You own your HSA funds! They stay with you year-after-year by rolling over, even if you change jobs or health plans. Plus, when you turn 65, your HSA funds can be used for any purpose all without penalty (but you will pay taxes on what you use.)


Investments

As an Avidia HSA participant, you have the opportunity to utilize our optional investment account service available through our partnership with Devenir. When you open an investment account you will be able to invest a portion of your HSA in mutual funds, where they earn tax-free interest. View our investment options here.


So, don’t delay on gaining healthcare savings, retirement perks and investment options. Open an HSA today! Avidia HSAs are easy to open, easy to use and easy to manage. You can open an HSA on your own or through your employer.


Learn More About Enrolling Today

HSA the right way with Avidia Health, visit www.avidiahealth.com now to experience the Avidia advantage.


NATIONAL BANK OFFERING – COMMUNITY BANK SERVICE

<January 1, 2019>



HAs an employer or HR professional, it’s likely on your plate to ensure your employees are satisfied with their workplace benefits offerings. It’s also likely that you’re the one who gets an ear-full when they have complaints about lack of service from one of these benefits vendors. Often, national HSA vendors offer a wide span of inflated solutions but might not be able to deliver the local, personalized service your employees both expect and deserve.


That’s what makes Avidia Health different.


National Bank Offering

With over $1 billion in assets, 140 years of experience and clients in all 50 states, Avidia Health is the partner your business needs to deliver the big bank HSA experience your employees desire. Avidia provides an affordable, scalable solution combined with leading technology. Did we mention HSAs are our sole focus? We focus on one product, to deliver the best product, all backed by Avidia Bank, an FDIC-insured, full-service financial institution.


Community Bank Service

At Avidia, we understand that a negative service experience ruins even the best of products. That’s why we put dedicated effort into personalizing our members’ experience to ensure their individual needs are met. Our HSA programs are built around your employees’ greatest needs. We focus on providing the cost-effective HSA program that delivers the results you want with the service feel of a community bank. Our high-touch service efforts ensure our clients have the best experience in the market, guaranteed.


Not all HSAs are created equal. Choose a partner that you and your employees can truly depend on for a best-in-class HSA product and high-touch service. At Avidia, delivering a tailored HSA solution for your business is our sole focus. We deliver the most value in HSAs with zero monthly maintenance fees, along with the personalized service your employees deserve.


View our HR HSA Digital Kit today for complimentary HSA resources.


View HSA Digital Kit

Ready to speak with an Avidia representative to learn more about what an HSA can do for your employees? Contact Lynda Westbrook at l.westbrook@avidiabank.com or 978.875.2453 today.