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What is a Health Savings Account (HSA)?
​​​A Health Savings Account (HSA) is an account that is funded with tax-free dollars from Broward County and by your own contributions for employees enrolled in one of the High Deductible Health Plans (HDHP). This account is only funded by Broward County if you and your enrolled spouse or domestic partner complete the annual Engagement Incentive. You can use the funds to pay for eligible health care expenses for you, your spouse, and your tax dependents.
 The benefits of having an HSA

  • Broward County Contribution – When you elect a High Deductible Health Plan (HDHP) AND you and your enrolled spouse/domestic partner (if applicable) complete the County’s Engagement Incentive, Broward County will contribute to the HSA based on the tier of coverage for the plan you choose for the 2020 plan year.
  • Tax savings — Money you contribute to your HSA can reduce your taxable income.
  • Tax-free earnings — Money kept in your HSA earns interest each month.
  • HSA ownership — You decide how to spend or save your HSA funds. If you change jobs or health plans, you keep your funds. You can even name a beneficiary to inherit the funds in your account.
  • No “use-it-or-lose-it” rule — If you don’t use the money in your account by the end of the year, it continues to roll over into the next year.
  • Less paperwork — You don’t have to submit documentation each time you use your HSA. (But it’s still important to save your receipts in case you are audited by the IRS.)
  • Investment options — Once you have at least $1,000 in your HSA, you can choose to invest the funds in your account.​​​

Investment Options

With PayFlex, you have the opportunity to grow your HSA balance by investing in a variety of mutual funds.  You can do this once you have more than $1,000 in your HSA.
Self-directed investment accounts are the sole responsibility of the account owner. Neither Broward County nor PayFlex offer investment advice. PayFlex does not provide brokerage or trade processing services; processing services are provided by BNY Mellon. Broward County, PayFlex, and BNY Mellon are not making a recommendation to individual health savings accountholders (“you”) that any of the mutual fund or model portfolio investment options are, or would be a suitable or appropriate investment for you.

Investing in mutual funds and/or investment model portfolios will transfer money from your HSA Cash Account to your investments. You may wish to ensure you retain enough money in your HSA Cash Account to accommodate future medical expenses.
For more information about your investment options, visit

Contact Information

PayFlex Systems USA, Inc.
Member Services: 800-284-4885
Common HSA forms may be found on You must login and navigate to the Resource Center.​