WEBHSA Fees and Rates (subject to change) Account set-up fee. None. Monthly service charge if employee pays maintenance fees and monthly account balance is under $1,000. $3.50. Monthly service charge if employer pays maintenance fees, regardless of balance. $2.25.
WEBHSA Features. Interest-bearing, FDIC-insured checking account with a trusted bank custodian; Integrated investment account Broad portfolio of highly-rated investment options; Multiple fund families ; No minimums, no loads, no transaction fees; Automatic sweeps; $1,000 threshold to invest
WEBHealth Savings Account Fee and Rate Schedule. Interest Rate and Monthly Fees. See your Health Savings Account Deposit Agreement and Disclosures for the complete terms and conditions related to your account. Note, fees disclosed will remain in …
WEBAn HSA is a tax-advantaged savings account, similar to a traditional Individual Retirement Account (IRA), but designated for qualified medical expenses. An HSA allows you to pay for current qualified medical expenses and save for future qualified medical expenses on a …
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Health Savings Accounts: Frequently Asked Questions
WEBin your HSA on qualified medical expenses — for you, your spouse, and your tax dependents. Can I invest the funds in my HSA? Yes — once you reach a balance of $1,000 you are eligible to invest the funds in your HSA.2 BenefitWallet offers a broad range of high-performing, no-load, no transaction fee mutual funds you can choose from.
WEBTo have an HSA, there must be qualifying current year coverage with a minimum but high deductible: Must have a minimum deductible of: $1,400 for individual coverage. $2,800 for family coverage. (covers more than one person) Out-of-pocket costs cannot exceed: $7,000 for individual plans. $14,000 for family plans.
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It's Your Money Save, Spend or Invest with Your HSA
WEB1. Spend up to 35% Less on Today's Health Care Costs3. Extend the buying power of your income today. Use your HSA to pay for health care expenses for you and your family. Your tax-free savings help you spend up to 35% less on everyday qualified expenses, such as medical, dental and vision care. 2. Save for Your Health Care Safety Net.
WEBAn HSA may be used to pay for non-medical expenses without penalty after you turn 65, so it can be used to save for retirement. I am covered under my spouse's plan. If I enroll in my employer's qualified HDHP, am I eligible for an HSA? I am entitled to benefits from Veterans Affairs [VA]. Am I eligible for an HSA?
WEBOpen your Health Savings Account to use Tax-exempt contributions for the payment of medical care. Expenses for you and your loved ones, including medical expenses and hospital visits, user fees, including glasses, prescriptions, Long-term care insurance premiums, and COBRA premiums are included in BenefitWallet.
WEBView a full list of qualified expenses at irs.gov/pub/irs-pdf/p502.pdf. Save your receipts. Keep detailed receipts for all HSA expenses in case of an IRS audit. We’re Here to Help. For more information visit our website at mybenefitwallet.com or call us at 877.472.4200.
