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What is a Health Savings Account? HSA Explained for DummiesYou must be enrolled in a high-deductible health plan to establish and contribute to a health savings account, which allows investments within the account and. HealthEquity (flexible spending accounts, health reimbursement account) Kaiser � Kaiser (machine readable file) MetLife � Optum (health savings account) Rally. If you have not already done so, complete the Benefit Enrollment Worksheet to enroll in the Empower Health Savings Account (HSA) Plan. You cannot open a HSA.