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Getting Started: Selecting the Best HSA Option

CDPHP is proud to partner with BenefitWallet™ and HealthEquity®, two of the nation’s top HSA administrators, to offer you the option of adding a health savings account to your medical plan.

To aid you in selecting the vendor most appropriate for your needs, please review the comparison chart below:


HealthEquity

BenefitWallet

About

Founded in 2002

$4.1 billion deposits

2.3 million accounts

33,000 employer customers

Founded in 2004

Over $1.7 billion in assets

2 million accounts

30,000 employer customers

Member Support Services

24/7

HSA alerts and texting

Monday through Friday: 8 a.m. – 11 p.m. EST

Saturday and Sunday: 9 a.m. – 6 p.m. EST

HSA alerts and texting

Access

Debit card, online, telephone, mobile app, checkbook

Debit card, online, telephone, mobile app, checkbook

Education

HealthEquity Health Savings Account Resource Site

BenefitWallet Health Savings Account Member Guide

Integration

Claims data and eligibility

Eligibility

Member Portal

CDPHP co-branded member portal, pay choice platform

Tax savings calculator, contribution limit calculator

Investment Options

Available once balance reaches $2,000, three levels of engagement

Available once balance reaches $1,000, no loads or transaction fees, over 25 highly-rated funds

Employer Support Services

Monday through Friday: 9 a.m. – 8 p.m. EST

Monday through Friday:8 a.m. – 8 p.m. EST

Saturday and Sunday: 9 a.m. – 6 p.m. EST

Resources

Employer portal, open enrollment kits, free custom plan comparison tool, reporting

Employer portal, member survey, case studies,  reporting

Education

Webinars, collateral, videos

Collateral, online video library

Service Fees

$2.95 per employee per month

$2.25 per employee per month