Choose this enrolment if you are planning on pre-funding your HSA (or PHSP) for employees and have less than 100 employees including yourself.
The Pre-funding will account for the number of employees at each tier and the expected velocity of claims per period. We will set thresholds and request additional funds when the low threshold is reached. As we are a new service, all accounts will be monitored and pre-funding amounts adjusted over time to ensure that your employees are reimbursed quickly. Our goal is to maintain funding only at the level required to provide efficient service without having to request top-ups more than necessary.
HSA funds contributed are held in a separate account from our operating bank accounts and remain your asset until used for claims. Should you leave HealthRabbit, pre-funding amounts will be returned as per our policy. If you opt for the deposit-based fee, the fee we charge on your deposits is non-refundable but the remainder of your funds would be returned.
In consideraton of the hardships COVID-19 has placed on many, HealthRabbit enrolment fees are currently being waived completely.