Hi [Name],
We’re updating claim payment processing to provide faster turnaround on claims for your employees! Starting in August, employees will see claim reimbursements occur on Mondays in addition to Wednesdays and Fridays.
If employees have submitted claims, you could see withdrawals on Mondays, Wednesdays, and Fridays.
If you’d prefer more predictable withdrawals, you may consider our Prefund option:
Employees will still receive reimbursements on Monday, Wednesday, and Friday
No minimum number of employees is required
Flexible funding schedules: annual, quarterly, or monthly
Calculated based on projected claims (80% of company allowance) + admin fees + taxes
Year-end reconciliation for over- or under-funding
If you’re interested in Prefunding, please reach out to your advisor or get in touch with myHSA accounting to learn more.
[Email myHSA Accounting]
Otherwise, no further action is required.
Thank you! — the myHSA team