Health and wellness spending account wisdom

Top 10 Reasons To Choose Aya For Your Health Spending Account

Health Spending Accounts continued to grow in 2021 as more and more companies added them to their current group health benefits or added them as a stand-alone option for their employees group health benefits.  As we close out the year, we expect that health spending accounts will continue to become more and more prevalent in 2022.  Let’s look at top ten reasons to choose Aya for your health spending account provider.

Top ten reasons to choose Aya as your health spending account provider

  1. You never have to pay out-of-pocket with the Aya Mastercard®
  2. They are tax free
  3. There are never any increases in your rates
  4. You can carry over any unused funds into the following year
  5. Dependents are covered
  6. Can be used for pre-existing conditions
  7. Funds can be used for any healthcare expense
  8. There is no paperwork to fill out when submitting claims
  9. Aya Mastercard® can be used anywhere in the world
  10. You never have to pay out-of-pocket with the Aya Mastercard®

Now we will dig into each reason and explain the benefits of each.

Using the Aya Mastercard® means you do not have to pay out-of-pocket for any of your health expenses, simply use the card, take an image of the receipt, upload to the Aya app and you are finished.

Health spending accounts are tax free to employees and tax deductible for employers; the best of both worlds while paying for your healthcare.

Unlike traditional group health benefit plans that typically have an increase in rates every year, health spending accounts only increase if the employer chooses to add more money to employee’s accounts.  Providing cost-certainty is a benefit to any employer looking to control costs and budgets.

In traditional group benefit plans if you do not use any allotted funds for a given category then you forfeit them at the end of your plan year.  With health spending accounts any unused funds can be carried over for an additional 12 months and if still unused those funds are returned to the employer.

Dependents are covered under health spending accounts and in addition to that, who can be considered a dependent under health spending accounts is much wider then with traditional group benefit plans.  As long as the individual resides with you and is financially dependent on you, they can be considered a dependent.

You can use health spending accounts to pay for any pre-existing condition you had before you obtained the health spending account.

You choose what health expenses to pay for, you are not bound to any category limits. Also, the list of expenses that can be covered is much greater than traditional plans.

Aya is a completely digital experience, from onboarding to submitting claims there is no paperwork, everything can be done within the Aya app or on the Aya website.

The Aya Mastercard® can be used at any health merchant anywhere in the world.  If you are travelling for business or pleasure and need to pay for a healthcare expense, you are covered.

Yes number 1 and 10 are the same reason but for good reason, not having to pay -out-of-pocket for your healthcare might be the difference between getting those new pair of glasses or making that trip to the dentist.  Not all employees have the disposable income to pay for their expenses and wait to get reimbursed.

As health spending accounts continue to grow, consider choosing Aya as your provider and give your employees the Aya Mastercard® to pay for the health related expenses.

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