The competitive landscape for health savings accounts (HSAs) is crowded and rapidly evolving. HSAs are becoming commodities. Some administrators cut fees and sacrifice value to attract clients, while others see specialization as their path to differentiation. Amid this race to zero, Alegeus offers a truly different approach with our WealthCare HSA – designed to fuel your business growth while providing more advantages for your account holders.
Millennials and Gen Z now dominate the workforce. As digital natives, they have high expectations of employment, benefits, money and well-being. Likewise, Gen X and Baby Boomers have increasingly high demands on their expenses for health in later life. HSAs have largely not evolved to meet these expectations – until now. The Alegeus WealthCare HSA provides an engaging and modern user experience, with capabilities that far surpass traditional HSAs. Further, it delivers significant value at every stage of the employment journey, across the spectrum of personas – spenders, savers and investors.
The Alegeus WealthCare HSA provides an intuitive, easy-to-navigate experience for account holders and administrators alike.
Data-driven tools guide consumers to make smarter decisions about where to best spend and save their healthcare dollars.
The new WealthCare HSA High-Yield option drives additional interest earnings on the account holder's HSA balance.
Consumers can sign up for investing in minutes and choose their investing approach based on their needs and expertise – all in real time on both mobile and desktop.
WealthCare HSA is white-label throughout, giving you the chance to build brand equity and consumer confidence.
Alegeus breaks the mold of “one-size-fits-all” investing solutions by offering a modern user experience built right into the WealthCare HSA, presenting accountholders with three investing approaches to fit their needs and goals:
Managed
Ideal for entry-level investors, the managed option automatically selects and manages investments according to the account holder’s risk profile.
Self-directed
Providing a balance between managed and DIY, the self-directed option lets account holders choose from a curated list of exchange-traded funds (ETFs) covering multiple asset classes.
Brokerage
Offering a hands-on, DIY approach to investing, the brokerage option lets skilled investors perform advanced research and trade across thousands of ETFs and stocks – including fractional trading.
Employers value differentiated, no-noise benefit solutions that help them attract and retain talent, while keeping their employees healthy and engaged. WealthCare HSA reduces their administrative burden with efficient transfers and enrollment; simplified and flexible funding, payroll and reconciliation capabilities; and a competitive benefit offering that delivers the best total value for their employees – a crucial selling point in today’s competitive job market.
Seamless, dynamic coordination between HSA and non-HSA plans.
A single card, portal and account experience, including fully embedded investments.
Easy access to the insights you need to manage your program.
Uninterrupted card use and re-hire automation – own the HSA for the life of the consumer.