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Health Savings

Employees are looking for ways to reduce financial stress and maximize their savings on out-of-pocket healthcare and living costs.

HSAs and other spending accounts provide valuable tax advantages that make it easier for employees to handle growing expenses while your business enjoys payroll tax savings. They also build purchasing power and gain peace of mind with savings of up to 30% on qualified expenses.¹

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What's the MetLife Difference?

MetLife offers 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:

Consultative approach to plan designs to help meet employees’ diverse needs
Health plan provider-agnostic for flexibility in health insurance decisions
Unique holistic pricing approach with potential for lower premiums for Life, Dental, or Disability Insurance when offered with a MetLife HSA²
Integration with all benefits administration systems and payroll companies for ease of data connectivity
Comprehensive and competitive pricing, and essential features like Section 125 Plan Documents and discrimination testing included at no cost
Proactive, experienced, and single point of contact for your day-to-day account management needs across all your MetLife coverages
Dedicated educational support with an assigned partner that helps you deliver customized resources and tools at no cost, boosting employee engagement and participation
Powerful analytics with personalized benchmarks to measure your program effectiveness and engagement

Benefits for employees:

One website for employees to access all their MetLife benefits seamlessly
Educational resources and tools designed to drive increased participation
Simple claims entry and claims data integration with 260+ carriers
Single stacked debit card with mobile wallet capabilities and digital provisioning
Integrations and processing advantages with MetLife Dental and Vision claims
Convenient access to our U.S.-based call center, secure website with AI-driven chat functionality, and mobile app, to help employees get the information they need
FSAstore.com and HSA.com shopping experience for an effortless experience to purchase eligible items

Product Offerings

Health Reimbursement Arrangement

An employer-funded benefit that can help your employees cover certain out-of-pocket healthcare costs.

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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.

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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.

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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 future¹

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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.

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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.

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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.

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Commuter Benefits

Help employees get more mileage out of their paycheck by using pretax money for their commute.

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Health Reimbursement Arrangement

An employer-funded benefit that can help your employees cover certain out-of-pocket healthcare costs.

Learn More

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.

Learn More

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.

Learn More

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 future¹

Learn More

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.

Learn More

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.

Learn More

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.

Learn More

Commuter Benefits

Help employees get more mileage out of their paycheck by using pretax money for their commute.

Learn More

Health Reimbursement Arrangement

An employer-funded benefit that can help your employees cover certain out-of-pocket healthcare costs.

Learn More

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.

Learn More

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.

Learn More

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.

Higher-than-average interest rates that help employees make the most of their savings⁴
Broad range of flexible investment options with investment guidance tool⁵
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. 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.

Simple & convenient claims entry, including automated reimbursement
Higher-than-average speed and accuracy of claims processing
93% average auto-approval of debit card claims⁶
Ability to work with all health plans and integrate claims data with 260+ carriers

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.

Simple & convenient claims entry, including scheduled recurring claims payments and smart debit card
Smart debit card works for approved daycare providers, without receipt requirement
Automatic payroll deduction for elected DC-FSA contribution amount

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 to simplify the claims process when combined with MetLife Vision and/or Dental
Simple & convenient claims entry, including automated reimbursement, with higher-than-average speed and accuracy of claims processing
Smart debit card makes using the HSA and LP-FSA together easy

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. 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.

Commuter Benefits available in all 50 states, more than 350 metropolitan areas and 660 transit authorities
A convenient debit card makes it easy – there’s no cash upfront, no claim forms to fill out, and no waiting for reimbursement
Smart Commute offered in select markets for electronic-fare media and pass orders made directly with transit authority
City-by-city education guides help employees navigate their personal commutes

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.

Employers are entitled to a tax deduction for qualified expenses reimbursed through the HRA.
Consultative approach for plan designs to meet employees' diverse needs
Customizable educational resources to drive employee awareness and engagement

An LSA⁷ provides your employees with money to use for lifestyle-related expenses, allowing them to save money and improve their overall well-being.

Flexibility to set the amount per year that employees can use for approved expenses
Reporting to support payroll taxation requirements
Quick online claim submission for reimbursements
Customized communications for personalized employee marketing and education

If you are looking for assistance with COBRA administration, MetLife offers an automated and compliant solution for employers of all sizes, delivering the following:

Integrations with over 350 payroll, HRIS, benefit enrollment platform vendors
Flexible payment options for participants
Automated communications

Healthcare expenses can add up, help employees with health savings & spending accounts

Here's how health savings and spending accounts work

A suite of savings and spending solutions designed with your individual business needs in mind.

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The Power of One

See how we help you with benefits that work together.

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Savings That Add Up

Health Savings & Spending Accounts can help you save up to 30% on qualified expenses.⁸

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^1.Savings are based on estimated Federal, State and Local tax rate of 30%. The amount participants can save in taxes will vary depending on various factors, such as the amount they set aside in the accounts, their annual earnings, whether or not they pay Social Security taxes, the number of exemptions and deductions they claim on their tax returns, their tax brackets and their state and local tax regulations. Participants should check with their own tax advisors for information on how their participation will affect their tax savings.

^2.Reductions to premiums for Life insurance are unavailable for customers with situs states of Alaska and New York. Reductions to premiums for Dental and Disability insurance are unavailable for customers with situs states of Alaska, New York, and Washington.

^3.An HSA is an account owned by the employee. Unlike the FSAs and Commuter Benefits, the employer does not sponsor the HSA. The employer does, however, sponsor a high deductible health plan and allows employees to make pre-tax salary reduction contributions to the HSA.

^4.MetLife Internal Analysis (last updated October 2024). Cash savings balances in an HSA earn interest through a funding agreement issued to the custodian bank, are not FDIC insured, and are subject to the financial strength and claims paying ability of Metropolitan Tower Life Insurance Company. The interest rate earned on the assets allocated to the funding agreement option are declared to the custodian and are guaranteed for at least 12 months from the date the interest rate is declared. There may be different interest rates applicable to different allocations depending upon when the allocation was made to the funding agreement option. The funding agreement option provides the investor with a stable rate of return over time. Metropolitan Tower Life Insurance Company may earn a spread from assets allocated to the funding agreement option available under HSAs.

^5.Includes a wide range of medical expenses as defined in Section 213(a) of the Internal Revenue Code.

^6.MetLife Internal Analysis (last updated October 2024).

^7.The MetLife LSA must be sold in conjunction with the HSA

^8.MetLife Employee Benefits Trend Study, 2025