Personal Spending Accounts

Stretch your health care dollars with a personal spending account

Personal spending accounts (PSA) are a great way to help you budget and save for major as well as everyday health care and/or dependent care costs. By offering tax benefits, PSAs typically keep more money in your pocket, and because you manage the funds in the accounts themselves, they encourage you to be better health care consumers – stretching your health care dollars.

Types of HealthEquity PSAs

Health savings account

Harness the Power of an HSA (video)
HSA your way: Spend save and invest in your healthcare (video)
For additional information on HSAs, contact a Financial Educator or check out these additional resources provided by HealthEquity.

HSA VIDEOS

Learn more about HealthEquity PSAs by visiting: learn.healthequity.com/concordiaplans.

Access Your PSA(s)

Log in to your HealthEquity account to view your balance, manage contributions, submit claims, upload receipts, and pay eligible expenses.

Log In to HealthEquity

Benefits of PSAs

Tax benefits

PSAs offer tax advantages that can help keep more money in your pocket. The money is contributed pre-tax (although post-tax contributions can be made), and withdrawals are always tax free if used for eligible expenses.

Retirement savings

Health savings accounts allow balances to accumulate and earn interest year over year, providing investment opportunities that can grow your account and be used towards your retirement.

Budgeting opportunities

PSAs help you budget and save dollars to cover major care needs, everyday care or dependent care costs.

Advantages with PSAs

Pairing your health plan option with an HSA, HRA and FSA can put you in the driver's seat when it comes to making decisions about how much you want to pay for your health care.