Clarity Benefit Solutions Introduces New Smart HSA Features
CLARK, N.J., November 1, 2022 (Newswire.com) - Clarity Benefit Solutions, a leading provider of employee benefit technology, announced new Health Savings Account (HSA) features that include an enhanced interest option and a full range of investing models for every experience level.
"Traditionally HSAs are seen simply as a spending account and not as a saving or even a money-making vehicle," said Bill Catuzzi, founder and chief executive officer, Clarity Benefit Solutions. "Our new HSA features maximize the earnings potential for every type of HSA account holder - whether they use their HSA to simply cover current expenses, save for the future, or grow their money by investing."
Clarity's new high-yield interest option allows employees to increase the value of their HSA by earning up to 10 times their current HSA interest rate. The interest rate applies to the accountholder's cash account, which means they earn more to spend on healthcare now and in the future. Additional features for savers include built-in predictive analytic tools to guide intelligent long-term funding decisions.
The new investment options unveiled by Clarity make their HSA the only one in the market to offer a fully integrated, multi-path investment experience. Powered by an API-driven, cloud-based brokerage platform, the Clarity HSA now features an innovative investment stack with three distinct investing models - Managed (advisor tool), Self-Directed and Brokerage - that provides a tailored investment experience that meets consumers where they are. Additional features for investors include exchange-traded funds (ETFs), fractional trading up to eight decimal points, high-value stock options, auto-rebalancing, real-time account opening and trading, on-demand investment statements, the historical performance of available funds and more.
This year the HSA market hit $100 billion, and according to Devenir, it is projected to hit $150 billion in another two years. That means more and more employees are realizing the value of an HSA," said Howard Metzger chief operating officer, Clarity Benefit Solutions. "At Clarity, our mission is to constantly offer the smartest HSA in the industry, and with these enhancements, we feel confident our HSA goes beyond anything currently on the market."
About Clarity Benefit Solutions
Clarity Benefit Solutions combines world-class customer service and technology that is unmatched in the industry today with a full suite of consumer benefits and benefit administration technology to ensure that people are ready for whatever comes their way. Clarity's goal is to use technology to simplify the administration of benefits, reduce costs, and empower consumers. Clarity's simply smarter approach - fueled by feedback from employees and our customers - has led to thoughtful new ways for all of us to get the most out of our benefits.
Source: Clarity Benefit Solutions
