Health Savings Account (HSA)

MyChoice Health Savings Accounts by Businessolver

Businessolver manages Health Savings Accounts (HSAs) for Windstream starting in 2023. HSAs are operated under the MyChoice Accounts brand and banking services are provided by UMB. HSAs are individual bank accounts and include a debit card. If you are enrolled in an IRS defined High Deductible Health Plan, you can enroll in a HSA to use tax-free money to pay your eligible health expenses.

To access your MyChoice HSA, you have two options. 1) Go to the Businessolver platform (orange button on the home page). Once you are in the Businessolver platform, click on the MyChoice Accounts menu near the top of the page to access your account. 2) Download and use the MyChoice mobile app. Directions on downloading and activating the app are on the home page of the Businessolver platform. If you are asked for a company key in registering for the app, it is Windstream. In the MyChoice platform (online or in the app), you can view balances, submit claims, and order additional debit cards.

If you need to make a change to your employee HSA contribution during the year, you can do so in the Businessolver platform. Go to Make a Change > Change My Benefits > Life Event > Update HSA Election. If you turn 65 during the year, Businessolver assumes you will enroll in Medicare Part A and therefore be ineligible for further contributions to a HSA. Businessolver will stop your HSA contributions. If you decide to not enroll in Medicare Part A and want to continue HAS contributions, please contact Businesolver.

If you are moving from a Health Care FSA to an HSA, you will need to incur all claims for FSA dollars by Dec. 31 or forfeit the remaining balance due to IRS rollover rules.

Terms you need to know

Medical Flexible Spending Account – A Flexible Spending Account (FSA) is a special account you put money into that you use to pay for certain out-of-pocket health care costs. You don’t have to pay taxes on this money. Except for a small annual carry-over, you must use all of the funds during the calendar year.

Health Savings Account – A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP) as defined by the IRS. The funds contributed to an account are not subject to federal income tax at the time of deposit, can rollover from year to year, and are available to use on qualified medical expenses up to the amount contributed into the account.

Opening an HSA Account

When you newly enroll, you can authorize Windstream to establish a Health Savings Account on your behalf. You’ll be prompted to affirm the set-up of a health saving account during your online Annual Enrollment session when making your medical election. You will receive an HSA debit card for payment convenience, and Windstream will pay the monthly account fee for active employees. It’s your money and you decide how you want to spend it.

You choose whether the Health Savings Account is right for you

These plans are designed and governed by federal regulations. You cannot contribute to the health savings account if:

  • You are enrolled in Medicare (any part), TRICARE or TRICARE for Life
  • You are claimed as a dependent on someone else’s tax return
  • You are covered by a Full Medical Flexible Spending Account, or
  • You are covered by any other health plan that is not a federally qualified, high deductible plan.

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