Health Savings
The MetLife HealthEquity Difference
We offer a range of tax-advantaged health savings & spending accounts that make it easier for employees to handle growing expenses while your business enjoys payroll tax savings.
Benefits for employers:
- Blending MetLife’s group benefits expertise and financial strength with HealthEquity’s industry-leading HSA platform and administration expertise
- Competitive pricing and a consultative approach to plan designs to help meet employees’ diverse needs
- Health plan agnostic model that supports employer flexibility
- Holistic pricing approach with potential for lower premiums for Life, Dental or Disability Insurance when offered with our HSA2
- Powerful analytics to measure program effectiveness and engagement, including personalized comparisons
- No-cost integrations with MetLife Dental and Vision plans, and claims data connectivity with 150+ medical, dental, and vision carriers
- Proactive, experienced, and single point of contact for your day-to-day account management needs across all your MetLife coverages
- Behavior-driven Engage360 education to help increase contribution rates
Benefits for employees:
- Simple, guided experience with mobile first tools, clear education, and support 24/7
- Simplified and convenient claims entry and easy auto-payment options, with 99% of claims currently processed accurately within 2 business days3
- Chip-enabled debit card designed with robust anti-fraud safeguard
- HealthEquity SimplyInvestTM investment experience with a $0 administration fee
- Integrations and processing advantages with MetLife Dental and Vision claims
- One website for employees to access all MetLife benefits
Product Offerings
Health Savings Account (HSA)
With MetLife, employers can offer a tax-advantaged way to help employees save on healthcare expenses, both today and in the future4
Flexible Spending Account (FSA)
Help your employees save money and increase their buying power by letting them use pre-tax dollars for qualified healthcare expenses.
Dependent Care FSA (DC-FSA)
Many employees have a portion of their budget go toward caregiving for their children or dependent adults who need assistance. A Dependent Care Flexible Spending Account (DC-FSA) can help lessen the financial impact of caring for an eligible child or dependent adult.
Limited Purpose FSA (LP-FSA)
Regular dental check-ups and eye exams come with out-of-pocket costs that can add up. Available to employees who have opened and are eligible to contribute to a Health Savings Account (HSA), a Limited Purpose FSA (LP-FSA) can help employees preserve their HSA funds to use for other expenses and save for the future – including retirement healthcare expenses
Commuter Benefits
Help employees get more mileage out of their paycheck by using pretax money for their commute.
Health Reimbursement Arrangement (HRA)
An employer-funded benefit that can help your employees cover certain out-of-pocket healthcare costs.
Lifestyle Spending Accounts (LSA)
A Lifestyle Spending Account (LSA) is an employer-funded post-tax benefit designed to help you round out your benefits package by delivering flexible spending options and additional benefits dollars to cover the things that matter most to your employees.
COBRA
COBRA (Consolidated Omnibus Budget Reconciliation Act) is a federal law requiring employers with 20 or more employees to allow those who might otherwise lose their group health plan coverage to temporarily continue their health benefits. We offer COBRA Administration for customers with our HSA or FSA programs as well as Dental or Vision products.
Employees with high-deductible health plans can leverage a tax-advantaged HSA to cover out-of-pocket health expenses, all while accumulating tax-free earnings for the future.
- Integrated investment guidance and powerful advisory tools with a broad menu of low-cost mutual funds, including target date funds
- Mobile-first experience and intuitive digital experience with step-by-step guidance and calculators
- Engage360 HSA email campaigns provide timely nudges for employee contributions, tax milestones, and investing
- Financial wellness workshops to educate employees on their HSA and retirement planning
- Turnkey vendor transition from start to finish with paperless HSA transfers and customized transfer communications directly to employees
An FSA will help your employees pay less in taxes – which helps those pre-tax dollars go further for qualified expenses including copayments, deductibles, prescription drugs, medical devices, and vision and dental costs5
- Engage360 FSA Journey provides onboarding guidance, spend down reminders and personalized nudges to reduce forfeiture and help members confidently use pretax dollars
- 24/7 hands-on support for employees via phone, chatbot, mobile app and guides
- Agentic AI Claims Coach improves claim accuracy and accelerates reimbursements
Dependent costs can add up, but with a DC-FSA, your employees can use their pre-tax dollars to pay for qualified expenses, making life a little easier.
- 24/7 hands-on support for employees via phone, chatbot, mobile app and guides
- Agentic AI Claims Coach improves claim accuracy and accelerates reimbursements
MetLife’s Limited Purpose FSA solution is designed to complement a Health Savings Account. LP-FSAs allow employees to use pre-tax funds to pay for qualified vision, dental and preventive care expenses.
- No-cost integrations and processing advantages simplifies the claims process when combined with MetLife Vision and/or Dental
- 24/7 hands-on support for employees via phone, chatbot, mobile app and guides
- Agentic AI Claims Coach improves claim accuracy and accelerates reimbursements
MetLife Commuter Benefits help employees handle the rising cost of work-related transportation by using pre-tax funds to pay for qualified work-related transit and parking. This includes bus, train, subway and vanpool used for travel between a residence and a workplace.
- 24/7 member support: call or chat day or night
- Our intuitive portal makes it easy to search transit and parking options, place orders, review status, check balance and more
- Contactless debit card for fast, touch-free transactions for all parking and transit expenses
With a tax-advantaged HRA, you can offer an employer-funded health benefit, with control over your level of contribution and the expenses for which funds may be used.
- Web-based platform for streamlined account management
- Variety of HRA plan options to choose from
- Powerful integrations across health plans, retirement and more
An LSA7 provides your employees with money to use for lifestyle-related expenses, allowing them to save money and improve their overall well-being. Lifestyle benefit options include a wide range of physical, mental, and emotional expenses.
- You decide your LSA eligible expenses and the annual or monthly reimbursement cap
- Regular reports on the most common expenses so you can adjust eligibility to best reflect the needs of your organization
- Choose whether to require receipts
If you are looking for assistance with COBRA administration, MetLife offers an automated and compliant solution for employers of all sizes, delivering the following:
- Our systems are built for flexibility, offering hundreds of client options to customize benefits solutions to meet specific needs
- 24/7/365 access to information, including a notification archive
- Employees can make elections online, by mail or toll-free fax
Healthcare expenses can add up, help employees with health saving
of employees say HSAs are a must-have or nice-to-have benefit6
of employees with an HSA say they feel financially healthy6
of employees with an HSA say they are satisfied with their wellness programs and benefits6
Savings Spending Accounts Work
A suite of savings and spending solutions designed with your individual business needs in mind.
Information for Employees
Get the information you need as an employee to find the right option for you and your family.
Savings That Add Up
Health Savings & Spending Accounts can help you save up to 30% on qualified expenses.1
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