Explore how your benefits can improve your well-being, plus earn a chance to win Awardco points!
Go Now ➞
Key Updates About Spending Accounts in 2026
Go Now ➞
FINANCIAL

Health Savings Account (HSA)

A Health Savings Account (HSA) is a savings account with major tax advantages that you can use to help pay for health care expenses. You must enroll in one of our High-Deductible Health Plan (HDHP) options to open an HSA. If you do, Alera Group will contribute money 
to your HSA.

The Basics

How It Works

You don’t pay federal taxes on your contributions to your HSA, earnings or eligible withdrawals. You can spend your HSA today or save it for the future!

All contributions — yours and Alera Group’s — are always yours to keep even if you change medical plans or leave the company.

Watch the HSA video for more details.

What’s Covered

HSA dollars can be used for qualified medical, dental and vision expenses for yourself, your spouse and your tax dependents, including:

  • Doctor bills
  • Prescriptions
  • Orthodontia
  • Physical therapy
  • Glasses and contacts
  • Fertility care

See the full list of HSA expenses allowed by the IRS.

Once you reach age 65, you can use your HSA for other expenses too; your withdrawals will be taxed but there is no extra tax penalty.

Your Balance

Use your HSA debit card to pay for health care expenses directly.

Your unused HSA dollars roll over from year to year and earn interest.

Once your account reaches $2,000, you can move any balance above that amount into mutual funds and direct your investment strategy. (You pay any fees associated with directed investments.)

You cannot contribute to an HSA if you’re covered by other insurance, including Medicare, or if you are a dependent on anyone else’s tax return. Learn more when you enroll or by reading the IRS rules for HSAs.

Transitioning Your HSA to MyChoice Accounts

For 2026, MyChoice Accounts (powered by UMB Bank) is the HSA administrator, replacing AleraPay. Here’s what you need to know:

  • If you need an additional HSA debit card (e.g., for your spouse), you must request it from MyChoice Accounts at 888-850-1765.
  • From March 13 to April 3, the AleraPay accounts for most colleagues will be frozen while the funds are transferred to your new MyChoice Accounts HSA.
    • If you had a zero balance with AleraPay, nothing will transfer.
    • For a smaller group of colleagues who did not elect an HSA in 2026 but have an existing HSA with AleraPay, a separate bulk transfer will happen in mid-April. This group of colleagues should see AleraPay funds in their MyChoice Accounts HSA no later than April 23.
  • The funds transferred from AleraPay should show up in your MyChoice Accounts HSA by April 17.
  • If you didn’t consent to the bulk transfer, your HSA will stay with AleraPay as a retail account, and you will be charged a $4.50 monthly fee starting in April and will receive a new AleraPay debit card. You also have the option to transfer manually to MyChoice Accounts anytime.
  • Once your funds have been transferred, you have the option of re-investing a portion of your account through UMB Bank, powered by MyChoice Accounts.

 

2026 Contributions from You and Alera Group

During enrollment, you choose the amount you want to contribute to your HSA for the calendar year. That amount is deducted from your paycheck on a pre-tax basis and deposited into your HSA. You can start or change your contributions anytime through the Alera Group Benefits Center.

You don’t have to contribute your own money to get the Alera Group contribution. The company contribution is funded in January or when your contributions begin.

Alera Group contributes:

$500

$500

$1,000

$1,000

$1,000

$1,000

$2,000

$2,000

You can contribute:

Up to $3,900

Up to $4,900

Up to $7,750

Up to $8,750

Up to $3,400

Up to $4,400

Up to $6,750

Up to $7,750

IRS maximum

$4,400

$5,400

$8,750

$9,750

$4,400

$5,400

$8,750

$9,750

If You Are a New Hire This Year

Alera Group's contributions to your HSA depend on your benefits eligibility date, which begins on the first of the month after your hire date.

For example, if you are hired April 10, your benefits begin on May 1.

Alera Group contributes

Eligible Jan. – Mar.

$500
$1,000
$1,000
$2,000

Eligible Apr. – Jun.

$375

$750

$750

$1,500

Eligible July – Sept.

$250

$500

$500

$1,000

Eligible Oct. – Dec.

$125

$250

$250

$500

Need Help Deciding How Much To Contribute?

In the Alera Group Benefits Center website and app, you can receive personalized HSA decision support with the MyChoice Recommendation Engine and the Sofia virtual benefits assistant.

You can also connect with a Member Advocate through the Alera Group Benefits Center at 888-850-1765, Monday – Friday, 8 a.m. – 5 p.m. CT.

Get in Touch

MyChoice Accounts (2026)

Company Code: aleragroup
Activate your card and set your PIN

AleraPay (2025)

Surest

Access code: Alera2026

Kaiser

Tab Content

This is a basic text element.

Tab Content

This is a basic text element.

MORE TO EXPLORE

Medical
IRS Rules for HSA
Flexible Spending Account (FSA)
HSA Eligible Expenses
Alera Group, Inc. is aware that there are persons fraudulently impersonating our company by using fake internet domains that appear to look like our legitimate services. If you are contacted by someone claiming to work for Alera Group, or any of our partners, please carefully review the email address and domain.
© 2025 Alera Group, Inc. All Rights Reserved. Deerfield, IL