Introducing an Integrated, Flexible HSA Investing Experience

Employees are being asked to do more with less. Pay rising healthcare costs today while somehow planning for tomorrow. Benepass just made that easier. With new enhancements to our Health Savings Account (HSA), employees can now invest directly with industry-low minimums, all inside the Benepass platform.

This is an HSA built for real life. Simple to get started. Easy to use. Flexible enough to grow with every employee.

The Problem With Traditional HSAs

HSAs are one of the most powerful benefits available. Triple tax advantage. Long-term growth potential. Real help with healthcare costs. Yet many employees never fully use them.

Why? Because HSAs are confusing, slow to open, and often come with high fees and investment minimums.

The data is clear. Employees are under financial pressure. According to the Bank of America Employee Financial Wellness Survey 2025, the median financial wellness score is just 68 out of 100. Women, lower-income employees, millennials, and Gen X have been hit hardest. Their top financial goals say it all:

• Save for retirement: 68%
• Grow savings for unexpected expenses: 47%

This challenge is not limited to younger workers. Baby Boomers are staying in the workforce longer to strengthen retirement savings. Only about one in ten has fully retired despite many being eligible for full Social Security benefits. 

Employees want to plan ahead, but traditional HSA experiences make it harder than it should be.

What’s New With Benepass HSA

More than 25% of Benepass HSA account holders choose to invest, compared to just 7–10% with traditional HSA providers.That difference comes down to experience. Benepass redesigned the HSA investing experience to feel intuitive, accessible, and free from unnecessary fees. That means:

• One place to view cash and investments
  
• Simple percentage-based allocation setup
  
• Automated rebalancing that keeps portfolios on track
  
• Clear visibility into holdings and performance
  
  

Employees can apply to open an investment account, spend HSA funds immediately on eligible healthcare expenses, and start investing in a way that fits their budget, all without ever leaving the Benepass platform.

Built For Convenience, Not Confusion

Low Barrier To Save And Invest

Every dollar matters. That is why Benepass removes the traditional hurdles to investing.

• Employees can start investing with just $125 compared to $1,000-$2,000 minimums with most HSA providers 
• Benepass does not charge admin fees, so more of each dollar stays invested. The only cost to the employees is the expense ratio within the fund they choose
• Employees enjoy the full benefit of the HSA’s triple tax advantage
• Funds are individually owned and stay with employees even if they change employers 

Faster Account Opening

HSAs require identity verification, and slow processes stop momentum. Benepass opens investment accounts in real time when possible and flags verification issues early. Employees get clear prompts. Employers get reporting. No more payroll deductions piling up without an active account.

Flexible Investing That Matches Your Philosophy

You control the investment lineup instead of being locked into rigid portfolios to choose from. Those options include:

1. An open brokerage window with access to all 10K-eligible, US-listed stocks and ETFs traded on the NYSE and Nasdaq, 
2. A curated set of preset funds for simpler investing, or 
3. A customized lineup aligned to your 401(k) or internal investment philosophy. 

Employees then choose how much to contribute and invest, all within a single, intuitive in-app experience that balances flexibility, simplicity, and governance.

Turn Your HSA Into A Financial Wellness Engine

Benepass delivers a truly holistic approach to financial wellness.

With Benepass, you can design a tax-advantaged benefits program that spans healthcare, savings, and everyday needs without fragmentation. The platform will connect the HSA to your broader pre-tax and lifestyle benefits to support commuter, family, work from home, wellness and other needs. That way, your employees can understand all of their options and actually use the full value of what you offer—without juggling multiple vendors, logins, or disconnected experiences.

A Better HSA, Finally

Healthcare and financial planning should not compete with each other. Benepass brings them together.

With direct investing, low minimums, and a seamless in-app experience, our enhanced HSA investment offering helps employees take care of today while building for tomorrow. Simple. Flexible. Built for the way people actually live and work.

Book a Demo Today

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Disclaimer:

INVESTMENT PRODUCTS: • NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

Benepass is a fintech company, not an FDIC-insured bank or an investment adviser. Banking services provided by Pacific West Bank, Member FDIC. Deposit insurance covers the failure of an insured bank. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply.

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