Why Choose The Family Health Matching Account?

The HMA (Health Matching Account) is the ultimate medical benefit savings account available and will help our customers be able to both save money on their out-of-pocket, medical expenses and also increase their primary health insurance plan deductibles to save up to 40% or more on their monthly premiums over time. This is because the HMA awards its owners up to $2 in medical benefits or more for every $1 contributed into their HMA account balance as the program progresses, which will allow our customers to raise their health insurance deductibles and lower their monthly premiums over time because their HMA Medical Benefits Account is designed to cover their out-of-pocket, medical cost obligations up to the higher deductibles.


How It Works


The HMA Medical Benefits Visa® Prepaid Card will be swiped at the point-of-service to pay for nearly all our cardholders’ medical services including copays and deductibles up to their HMA account balance at the time of the claim and can be used by either individuals or families. The HMA Medical Benefits Account  also comes included with both unlimited telemedicine services and a proprietary, PBM (Pharmacy Benefits Manager) program that helps our customers secure much deeper savings than a traditional, pharmacy discount card could ever allow for. In addition, HMA accounts also pay for elective procedures that are not covered by health insurance such as plastic surgery, lasik and fertility as well as home health and long-term care expenses among others.


The HMA is not considered health insurance. The HMA Medical Benefits Visa® Prepaid Card is issued by The Bancorp Bank pursuant to a license from the Visa® U.S.A Inc. The Bancorp Bank; Member FDIC. Card may not be used everywhere Visa® debit cards are accepted. See Cardholder Agreement for list of eligible goods, services and merchants.

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HMA Commercial

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Why You Need The HMA™ To Maximize Your Health Insurance

There are numerous and sometimes very hard to understand additional, out-of-pocket, costs associated with your health insurance that you will be forced to pay aside from your monthly premiums. These include not only paying for your deductibles but also coinsurance, copays and annual, out-of-pocket maximums associated with your plan.


The Health Matching Account (HMA) is the best, medical savings account option for you to turn to in order to lower all of these out-of-pocket obligations because of its significant, account crediting guarantees and features that will credit your account up to $2 or more for every $1 that you contribute into your account.

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The Health Matching Account (HMA) is a voluntary, medical benefit savings account owned by the participating employee or family. The HMA is a non-qualified account funded by the participant with post-tax dollars. The HMA Medical Benefits Account is exclusively offered by Health Matching Account Services, Inc. and pre-funds an individual’s (or family’s) out-of-pocket, medical costs into a medical savings account that is awarded a monthly, medical benefit crediting on their contribution, which grows each month.


The benefits that build in each HMA account balance are designed to pay for an individual or family out-of-pocket medical costs including copays and deductibles in order for participants to save money and complement high deductible, major-medical plans. The participant’s HMA account balance increases each and every month as the HMA account crediting continues to build.


This sample illustration demonstrates how an individual or family’s HMA account balance would grow over a three-year period. The rapid growth of the HMA account balance easily exceeds that of an HSA (Health Savings Account) or any other medical savings account. Over this three-year horizon, the crediting awarded to the participant’s monthly contribution is so strong that $4,900 of contribution can create a $10,000 HMA account balance in this example for the participant or family to use for their medical costs (assuming no prior medical claims). Once participants reach their target, account balance caps, which in this case is $10,000, they are no longer responsible for making a full, monthly HMA account balance contribution (and only maintenance fees are required) until they use their HMA Medical Benefits Account once again to pay for a medical expense.


By choosing an HMA, individuals and families now have the opportunity to fund a superior medical savings account that will permit them to increase their health insurance deductibles and lower their out-of-pocket premiums and medical expenses. In addition, HMA accounts can also be used to pay for elective procedures such as plastic surgery, lasik and fertility that are not traditionally covered by health insurance as well as long-term care and home health expenses. The HMA Medical Benefits Account creates additional health care savings for individuals and families by covering a larger portion of their out-of-pocket, medical expenses than any other medical savings account available.


The HMA is not considered health insurance. The HMA Medical Benefits Visa® Prepaid Card is issued by The Bancorp Bank pursuant to a license from the Visa® U.S.A Inc. The Bancorp Bank; Member FDIC. Card may not be used everywhere Visa® debit cards are accepted. See Cardholder Agreement for list of eligible goods, services and merchants.


For more information on product training, contracting or enrollment, contact us at:   317-753-1700

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HMA Product Monthly Contribution Options


■  Individuals and Families can select from a variety of different account balance level maximums ranging from $2,500-$60,000


■  Product options can fit any individual or family budget with the ability to scale up or scale down the monthly contribution amount and the corresponding target account balance cap as needed


■  No further monthly, participant contribution once HMA balance reaches target account balance cap (only maintenance fees are required)


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HMA product options are designed to be flexible in order to accommodate individuals and families seeking to build a valuable, medical savings account in order to reduce their out-of-pocket, health care expense obligations. Health Matching Account Services is the exclusive provider and offers a variety of different levels of HMA Medical Benefits Account product options that all come with corresponding target account balance caps per participant ranging from $2,500 all the way up to $60,000. The HMA program provides participants with the ability to adjust their monthly contribution amounts and target account balance caps in order to scale up or scale down their benefits as they see fit. The HMA account balances are permitted to carry over year-to-year and can be used to complement a high deductible health insurance plan by covering an increased portion of an individual or family’s out-of-pocket, medical expenses.


The HMA Medical Benefits Account pre-funds an individual or family’s medical costs into a medical benefit savings account that is awarded a monthly,  medical benefit crediting. This crediting grows following each monthly, participant contribution to rapidly increase the HMA account balance that can be used to pay for out-of-pocket, medical expenses including copays and deductibles. The HMA leads to significant savings by addressing the most expensive, out-of-pocket portion of health care costs for individuals and families. The HMA crediting results in up to $2 or more in medical benefits being awarded to the participant’s HMA account balance for every $1 contributed as the program progresses.


Once participants begin to hit their target HMA account balance caps, the individual or family is no longer responsible for contributing the full amount every month towards their HMA account balance (and will only be paying small maintenance fees) until another medical expense is paid for using their HMA Medical Benefits Account. This will serve to drastically decrease the participant’s monthly amount contributed towards the HMA program while also simultaneously allowing them to increase their underlying health insurance plan deductibles, which will result in a further reduction to their out-of-pocket premiums and overall, health insurance expenses. In addition, HMA accounts can also be used to pay for elective procedures not covered by health insurance such as plastic surgery, lasik and fertility as well as long-term care and home health expenses among others. The HMA Medical Benefits Account creates additional health care savings by granting its owners with the ability to cover a larger portion of their out-of-pocket costs than any other medical savings account available.


The HMA is not considered health insurance. The HMA Medical Benefits Visa® Prepaid Card is issued by The Bancorp Bank pursuant to a license from the Visa® U.S.A Inc. The Bancorp Bank; Member FDIC. Card may not be used everywhere Visa® debit cards are accepted. See Cardholder Agreement for list of eligible goods, services and merchants.

Open Your Health Matching Account Today!

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Open Your Health Matching Account Today!

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What Medical Services Can Be Paid For With The HMA Medical Benefits Account?

The HMA Medical Benefits Account is a non-qualified, medical benefit savings account that pays for first-dollar medical expenses, much like an HSA, but offering far superior incentives. You can use your HMA benefits at the point of service by swiping your HMA Medical Benefits Visa® Prepaid Card to pay for your out-of-pocket, medical expenses.


Your HMA Medical Benefits Account can be also used to secure valuable, pharmacy drug discounts through the Health Matching Account Services Rx Program, which will also be embedded in your HMA Medical Benefits Account. This proprietary program not only delivers significant savings to HMA cardholders also some of the lowest wholesale drug prices in the industry on prescription drugs, diabetic care services and daily living medical products on top of the savings that the HMA already provides. The NPHM™ Rx Program has no eligibility restrictions and may be used in pharmacies nationwide.


In order to coordinate your primary health insurance plan benefits with your HMA pharmacy discounts, be sure to have your pharmacy swipe your primary health insurance card first before processing your WellDyne BIN Sponsor Number located on the back of your  HMA Medical Benefits Visa® Prepaid Card. By doing this, you will be able to choose which pharmacy option is preferable for you between what your primary health plan offers compared to your Health Matching Account Services Rx Program.


If you do not have a prescription drug discount plan, the price you can secure for prescription drugs through your HMA Medical Benefits Account with the WellDyne BIN Sponsor Number will be significantly better. If you do already have a prescription drug program that comes included with your health insurance, be sure to compare your pricing options. Any purchases at grocery store pharmacies can be covered on a mail-in reimbursement basis by completing the HMA Reimbursement Claim Form located in the Resources section of your HMA member account portal and submitting an original, itemized receipt within 30 days of the procedure.


The HMA Medical Benefits Visa® Prepaid Card can be used and swiped at the point of sale to pay for the following medical services up to the HMA owner’s account balance at the time of their claims.  In addition, HMA accounts are also eligible to be used to pay for elective procedures such as plastic surgery, lasik and fertility as well as home health and long-term care expenses among others. These medical expenses will be covered on a mail-in reimbursement basis when you submit an original, itemized receipt within 30 days of the procedure.  


These medical services listed below can be paid for by swiping your HMA Medical Benefits Visa® Prepaid Card at the point-of-service and cover a vast majority of qualifying, 213 (d) medical expenses:


HMA Medical Benefits Visa® Prepaid Card List Of Covered Services

  • Ambulance Services
  • Laboratory/Medical/Dental/Ophthalmic Hospital Equipment And Supplies
  • Doctors not elsewhere classified
  • Dentists, Orthodontists
  • Osteopathic Physicians
  • Chiropractors
  • Optometrists, Ophthalmologists
  • Opticians, Optical Goods, and Eyeglasses
  • Chiropodists, Podiatrists
  • Nursing and Personal Care Facilities
  • Hospitals
  • Medical and Dental Laboratories
  • Medical Services and Health Practitioners not elsewhere classified
  • Drug Stores, Pharmacies (no sundries/mail-in reimbursemently only on grocery store pharmacy purchases)
  • Hearing Aid – Sales, Service, Supply Stores
  • Orthopedic Goods – Prosthetic Devices
  • Optical Goods and Eyeglasses
  • Counseling Service – Debt, Marriage, Personal


The HMA is not considered health insurance. The HMA Medical Benefits Visa® Prepaid Card is issued by The Bancorp Bank pursuant to a license from the Visa® U.S.A Inc. The Bancorp Bank; Member FDIC. Card may not be used everywhere Visa® debit cards are accepted. See Cardholder Agreement for list of eligible goods, services and merchants.

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1 | Who is Health Matching Account Services?


Health Matching Account Services, Inc. (HMAS) is based in Houston, Texas and is the exclusive provider of Health Matching Account products consisting of the HMRA® program for employers and the HMA™ Medical Benefits Account for individuals and families. Both the HMA and HMRA programs are medical savings account and reimbursement programs that award increasing, monthly, medical benefits to assist both employers and employees in bringing down their first-dollar, out-of-pocket, medical costs. HMAS is a privately-managed, financial services company and first-dollar, medical cost-containment company that is committed to bringing down the cost of health care in the group and individual markets.

HMAS is expanding its reach and forming partnerships with some of the largest brokers, benefit agencies and administrators all across the country in the ERISA market to promote its revolutionary, Health Matching Reimbursement Account HMRA program for employers and the HMA Medical Benefits Account for individuals and families. The HMAS Board of Directors and founders bring over a century of experience in the life and health services industry. It is comprised of a CLU (Chartered Life Underwriter) and ChFC (Chartered Financial Consultant) and the former Deputy General Counsel for Health and Human Services in Pennsylvania. The founders are former owners of one of the largest independent companies in the southwest United States.


2 | How does HMAS™ award the HMA account crediting and how are the funds protected?


This medical savings account product was designed for implementation by one of the most renowned life and health services actuarial firms in the world today. Health Matching  Accounts utilize in-depth pooling and claims frequency analysis to determine the rate of growth on contributions that can be awarded monthly into member account balances. The  Health Matching Account Services claims exposure is capped at each participant’s account balance, and these balances can be used to pay for qualified, 213 (d) and approved, elective medical expenses up to the HMA account balance at the time of the claim. HMA accounts can be used to pay for medical expenses and contain no cash value. HMA Services also maintains millions of dollars of its own reserves to back their programs. In addition, the HMA Medical Benefits Visa® Prepaid Card is issued and FDIC insured by Bancorp Bank pursuant to a license from Visa® USA Inc.


3 | What is the legal overview of the HMA?


The HMA Medical Benefits Account is a medical benefit savings account governed by the requisites of IRS Publication 969 and 502, as they relate to medical care for reimbursement of medical expenses under IRS Code Section 213(d). The HMA Medical Benefits Account is considered a non-qualified, health matching account program. The reimbursements or payments made to an individual are tax-free given the fact that they were paid with after-tax dollars. The HMA balances are permitted to carry over year-to-year even if the benefits are not used.


4 | Does the HMA program require participants to purchase a high deductible health insurance plan?


No. Unlike a traditional Health Savings Account (HSA), the HMA is not required to be complemented by a high deductible health plan (HDHP). In fact, the benefits that build in an individual and family’s HMA account balance can provide the vehicle to help allow individuals and families the ability to ease their way into high deductible health plans in order to lower their fixed, monthly premium costs. This is due to the fact that the HMA Medical Benefits Account will be covering a larger portion of the owner’s out-of-pocket, medical expenses. Although the individual or family may choose to have a HDHP, it is not required.


5 | What happens when the HMA account balance reaches its target account balance cap?


Once the HMA individual or family plan account balance reaches its predetermined, account balance cap, the participant is no longer required to make their full, monthly HMA contributions and only maintenance fees are required until a claim is filed that uses the HMA Medical Benefits Account as payment. The owner will once again make a HMA account balance contribution the subsequent month following any usage of the HMA Medical Benefits Card to pay for medical expenses.


6 | What if HMA owners want to change their contribution amount or paid-up target account balance?


HMA contribution levels are designed to be flexible in order to accommodate anyone seeking to build their own medical savings account and significantly reduce their health care expense obligations by pre-funding their out-of-pocket, health care costs through the HMA Medical Benefits Account. Health Matching Account Services offers a variety of different levels of HMA™ contribution programs with corresponding target account balance caps ranging from $2,500 all the way up to $60,000 per participant or family. The HMA program provides  participants with the ability to adjust both their monthly contribution amounts and target caps in order to be able to scale up or scale down their HMA benefits as they see fit.

If the HMA participant wishes to decrease or increase their monthly contribution level and its corresponding, target account balance cap, they will be permitted to do so one time per month.


7 | If the Employer is helping to sponsor an employee’s HMA account, is the HMA portable with the employee?


Yes. The HMA would be portable in this situation as well as if the individual employee was sponsoring it on their own.


8 | How do I access my HMA benefits to pay for medical expenses?


Each HMA owner, whether it be a family or individual, will always be provided with their own personalized HMA Medical Benefits Visa® Prepaid Card, which can be used and swiped at the point of service to pay for qualifying medical expenses. For any elective procedures such as plastic surgery and lasik among others, as well as home health and long term care expenses, these expenses will be covered on a mail-in reimbursement basis when an original, itemized receipt is submitted within 30 days of the procedure.


9 | What medical expenses can be covered with my HMA Medical Benefits Visa® Prepaid Card?


The HMA Medical Benefits Visa® Prepaid Card covers 213 (d) medical expenses by swiping your card at the point-of-sale. These expenses include pharmacy and drug store purchases as well as doctor and hospital visits, dental, vision and chiropractic among others.


In addition, your HMA account can also be used to pay for elective procedures such as plastic surgery, lasik and fertility as well as long term care and home health expenses among others. These medical expenses can be covered on a mail-in reimbursement basis by mailing in proof of the procedure (typically an original, itemized receipt) and the amount of the claim within 30 days of the procedure date in order to qualify for a reimbursement.


10 | How do I access the HMA pharmacy savings through the HMA Medical Benefits Account?


The HMA Medical Benefits Visa® Prepaid Card comes included with the proprietary, HMA Services Rx Program, which will deliver significant saving to our customers on prescription drugs, diabetic care services and daily living medical products among other purchases. To access these savings, our HMA cardholders will provide their WellDyne BIN, which is located on the back of their HMA Medical Benefits Visa® Prepaid Card, to the pharmacy at the time of purchase.


In order to coordinate their primary health insurance plan benefits with their HMA pharmacy discounts, our cardholders will have their pharmacy swipe their primary health insurance card first before processing their WellDyne, which is located on the back of the card. By doing this, our  customers will be able to choose which pharmacy pricing option is preferable between what their primary health insurance plan offers compared to their HMA Services Rx Program. The HMA Medical Benefits Visa® Prepaid Card can be swiped at any pharmacy except those at grocery stores. Any pharmacy purchases at grocery stores can be covered on a mail-in reimbursement basis by completing the HMA Reimbursement Claim Form located in the Resources section of your HMA member account portal by mailing in proof of the procedure (typically an original, itemized receipt) and the amount of the claim within 30 days of the procedure date in order to qualify for a reimbursement.


The HMA is not considered health insurance. The HMA Medical Benefits Visa® Prepaid Card is issued by The Bancorp Bank pursuant to a license from the Visa® U.S.A Inc. The Bancorp Bank; Member FDIC. Card may not be used everywhere Visa® debit cards are accepted. See Cardholder Agreement for list of eligible goods, services and merchants.

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