WHAT IS A HEALTH SAVINGS ACCOUNT?
A Health Savings Account (HSA) allows members to set aside a portion of their pre-tax income to an interest-bearing account used for qualified medical expenses and medications. Anyone enrolled in a high-deductible health plan can contribute to an HSA. Benefits include: The money stays with the member, even if they change jobs; No time limit on using funds; Contributions are free of FICA and FUTA taxes1.
GET A QUOTE OR MORE INFORMATION
has created EZ Access HSA plans for groups. This easy-to-use program accommodates members by allowing them to control their personal health savings account (HSA) and receive low monthly premiums, while you benefit through potential tax savings. Members have the option to use any financial institution of their choice, or to open an HSA in one of our EZ Access HSA plans through Bank of America.
We offer the coverage your employees need at the price you want.
Members have 24/7 access to their online account, including online bill pay, expense tracking, and investments tracking. A Bank of America HSA Visa debit card makes paying medical expenses easier and more convenient.
- Low premiums
- No referrals
- Combined medical and pharmacy deductible
- Tax-free contributions
- Investible rollover savings
- HSA funds earn interest
- Above is general information only. For more details on the tax advantages of an HSA, please consult with a professional tax advisor.