The product and engineering teams at HelloWallet are constantly working to provide new functionality to help our members make the most of their money and take advantage of job benefits. So we’re excited to announce that we’re launching support for tax-advantaged health accounts today.
Many employers provide health Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) to their employees. FSAs and HSAs permit pre-tax savings for health expenses and have the potential to save employees a lot of money. They can be quite important parts of a complete financial plan.
With our product update Thursday, HelloWallet members will have the ability to add HSAs and health FSAs to their HelloWallet accounts (either by linking an account directly from a supported financial institutions or by setting up a manual account).
These accounts will appear in the account list just below savings accounts.
In upcoming releases over the next few months, we’ll be expanding the functionality around HSA/FSA management. We hope this new feature is helpful for you and would love to hear what you think about it in the comments section below or via email to firstname.lastname@example.org.