What is HealthEquity® and what does it mean to me as a Blue Cross member?
Who is this for?
If you're an individual enrolled in an HSA-compatible plan with Blue Cross, this information can tell you a little more about our HealthEquity HSAs and help you open one.
HealthEquity provides health financial services to more than two million people. A third of all health insurance companies and employers offer HealthEquity products and services.
We work with HealthEquity to administer our HSAs. They offer support for members every hour of every day. You can pair them with some of our bronze and silver plans, as well as some employer-sponsored plans. However, not all plans are eligible.
What are the advantages of HealthEquity HSAs?
You can manage your HSA through HealthEquity through your online account at bcbsm.com, just like your health plan. You can also view claims information online. You can even pay your doctor bills with it. And you’ll get 24/7 customer service.
Check out our Health Savings Account Plan Examples (PDF) to read how an HSA can work with an individual health care plan.
How do I enroll?
If you're in an employer-sponsored HSA-compatible plan, you're automatically enrolled and the account is already set up for you. You don't need to take any additional steps.
How do I put money into my HealthEquity HSA?
It’s easy, just fill out our HSA Contribution Form (PDF) and follow the instructions to mail or fax the form. You can choose to put funds into your account by check or transfer from your checking or savings account.
Can I transfer other funds to a HealthEquity HSA?
Yes, and the transition is easy. Check with your current financial institution to make sure you meet their requirements for transferring funds.
If you have any questions about HSAs, we’re here to help. If you have an HSA-compatible plan, just call the Customer Service number on the back of your Blue Cross ID card. If you don’t have an HSA-compatible plan, you can talk to one of our health plan advisors at 1-855-237-3501.
If you ever switch to a health plan that doesn't work with an HSA, you'll still be able to use your account as you would normally, but you won't be able to add any more money to it.
You can also get more information at healthequity.com/bcbsm.