The planning tools and information calculators are illustrative only, and accuracy is not guaranteed. At HSA Bank, we are committed to providing you the highest level of customer service available in the industry. If you have questions regarding your particular health care situation, please contact your health care, legal or tax advisor. 2907570 Exp-01/21/2021(global footer). In addition, an employer who makes contributions to an HSA of an ineligible individual may also be subject to adverse tax consequences. You can start or change your HSA contributions at any time. Webster Bank NA is FDIC insured. The routing number is based on the bank location where … Bank of America Corporation. or operate. ARPKNVDH Exp - 09/24/2020(Cobranding), © var today = new Date(); document.write(today.getFullYear()); Mutual Fund investment offerings for the Bank of America HSA are made available by Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), a registered broker-dealer, Member SIPC and a wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”). About Triple Tax Advantages: You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish the HSA. To enroll in the Preferred Rewards program you must have an active, eligible Bank of America personal checking account and maintain a qualifying balance of at least $20,000 for the Gold tier, $50,000 for the Platinum tier, or $100,000 for the Platinum Honors tier in your combined qualifying Bank of America … You may be able to claim a tax deduction for contributions you, or someone other tahn your employer, make to your HSA. Webster Financial Corporation is one of the largest independent banks in New England. Bank of America makes available The HSA for Life® Health Savings Account as a custodian only. 2907570 Exp-01/21/2021(global footer) 3002895 Both are indirect subsidiaries of Bank of America … The HSA for Life is intended to qualify as a Health Savings Account as set forth in Internal Revenue Code … 01/27/2021 Routing numbers for Bank of America vary by state and transaction type. 2907570 Exp-01/21/2021(global footer) 2907397 If an individual/employee establishes a Health Savings Account and he/she is not otherwise eligible, he/she will be subject to adverse tax consequences. ARPKNVDH Exp - 09/24/2020(Cobranding), © var today = new Date(); document.write(today.getFullYear()); Mailing Address: Bank of America C/O Health Account Services PO Box 2203 Fargo, ND 58108: Phone Number: 1-800-992-3200: Back to the top. They are intended to provide a comparative tool for various consumer health care options and potential costs and savings of those options. A Health Savings Account can help you save money for out-of Recommendations as to HSA investment menu options are provided to BANA by the Chief Investment Office (“CIO”), Global Wealth & Investment Management (“GWIM”), a division of BofA Corp. HSA Bank a National Leader in Health Savings Accounts. If you receive distributions for other reasons, the amount you withdraw will be subject to income tax and may be subject to an additional 20% tax. Its owner is solely responsible for the website's Both charge dollar-based fees that that become less pronounced when expressed in percentage terms as … To access and monitor your account(s), log in at Bank of America or via the Bank of America HSA mobile app If you have questions about your new account(s), call Bank of America … Bank of America is nothing more than a claims administrator who performs ministerial administrative tasks with respect to such arrangements pursuant to agreement with the employer. Safe and secure, the mobile app offers real-time access for all your account needs, 24 hours a day, seven days a week. All rights reserved. and U.S. Trust Company of Delaware. content, offerings and level of security, so please refer to the Investments are not FDIC insured. if(document.getElementsByClassName('arNo')[0].innerHTML != ""){ • With National HSA Awareness Day … The HSA for Life is intended to qualify as a Health Savings Account as set forth in Internal Revenue Code … If you are enrolled … pocket medical expenses like doctor visits, dental and vision care and prescriptions. 03/20/2021 This site may contain links to third-party content, which may be articles, videos, or calculators, regarding health plans only as a convenience. The consulting expertise of Admin America combined with WEX Health and HSA Bank’s consumer products are the solution. content, offerings and level of security, so please refer to the Any interest or earnings on the assets in the account are tax free. We recommend that HSA applicants and/or employers contact qualified tax or legal counsel before establishing a Health Savings Account. Put your 401k and your HSA benefits to work for you. Wiley Long, President of HSA for America, chose HSA Bank … HSA Bank Mobile App. The calculators are not intended to offer any tax, legal or financial advice and do not assure the availability of or your eligibility for any specific product offered by Bank of America or its affiliates. In addition, an employer who makes contributions to an HSA of an ineligible individual may also be subject to adverse tax consequences. Download HSA Bank … Choose your state … or operate. See the potential for account growth over the long term. This site may contain links to third-party content, which may be articles, videos, or calculators, regarding health plans only as a convenience. } website's posted privacy policy and terms of use. Those programs are sponsored and maintained solely by the employer. If an individual/employee establishes a Health Savings Account and he/she is not otherwise eligible, he/she will be subject to adverse tax consequences. Trust and fiduciary services are provided by Bank of America, N.A. Investments in mutual funds are held in an omnibus account at MLPF&S in the name of Bank of America, N.A. Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation. Its owner is solely responsible for the website's Interest rates are subject to change/fees. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Bank of America … Recommendations as to HSA investment menu options are provided to BANA by the Chief Investment Office (“CIO”), Global Wealth & Investment Management (“GWIM”), a division of BofA Corp. MLPF&S makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of BofA Corp. © var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. Sign in to your Online Banking account by entering your Online ID. Bank of America makes available The HSA for Life® Health Savings Account as a custodian only. Please consult with qualified professionals to discuss your situation. Banking products are provided by Bank of America, N.A. Atrium Health savings accounts are administered by Bank of America. At Bank of America and The HSA Authority, fees decline as account balances grow. All forms can be downloaded, printed and either mailed or faxed to our Customer Assistance Center . Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. HSA Bank Mobile gives you the tools to take control of your health accounts. website's posted privacy policy and terms of use. This material should be regarded as general information on health care considerations and is not intended to provide specific health care advice. All rights reserved. They are intended to provide a comparative tool for various consumer health care options and potential costs and savings of those options. The employer is solely responsible for ensuring that such arrangements comply with all applicable laws. However, the account beneficiary that establishes the HSA is solely responsible for ensuring that he/she satisfies the Health Savings Account eligibility requirements set forth in Section 223. Wherever life takes you, its easy to view and manage your health account on the go! You're continuing to another website that Bank of America doesn't own See … Bank of America Coronavirus Resource Center. The below forms are available to help you open, access, and manage your HSA. Bank of America is nothing more than a claims administrator who performs ministerial administrative tasks with respect to such arrangements pursuant to agreement with the employer. Under no circumstances is First American Bank offering any of the HSA investment options and First American Bank makes no representations with respect to the investment options offered. Contact Us - Call HSA Bank Client Assistance Center at 1(800)357-6246 or Email us at askus@hsabank.com HSA Bank® is a division of Webster Bank, N.A., Member FDIC, and serves as custodian for Health Savings Accounts established at HSA Bank You have until April 15, 2020, to make a contribution for 2019 through your Bank … If you already offer a Bank of America HSA, we can work with you to tailor educational programs to help you and your employees make the most of this valuable benefit. If you were eligible for an HSA in 2019 and didn’t contribute up to the contribution limits ($3,500 individual/$7,000 family), there’s still time! What Expenses Are Covered By My Health Account. The entrance of Lively and Fidelity into the Health Savings Account (HSA) space, each with very competitive offerings, has resulted in a number of other administrators lowering their fees and … The planning tools and information calculators are illustrative only, and accuracy is not guaranteed. Bank of America makes available The HSA for Life® Health Savings Account as a custodian only. Use Your Health Benefits Card – Your HSA Bank Health Benefits Debit Card provides access to your HSA funds at point-of-sale with signature or PIN 1.HSA Bank limits point-of-sale debit card transactions to … The CIO, which provides investment strategies, due diligence, portfolio construction guidance and wealth management solutions for GWIM clients, is part of the Investment Solutions Group (ISG) of GWIM. if(document.getElementsByClassName('arNo')[0].innerHTML != ""){ Neither Bank of America nor any of its affiliates provide legal, tax, accounting or benefits consulting advice. Please consult with your own attorney or tax advisor to understand the tax and legal consequences of your HSA, Health FSA and/or HRA plan or program offerings to your employees and your particular situation in your capacity as employer and/or plan administrator. Merrill Lynch Life Agency Inc. … Please consult with qualified professionals to discuss your situation. In order to set up accounts with WEX Health or HSA Bank, we recommend that you contact Admin America… First American Bank … This material should be regarded as general information on health care considerations and is not intended to provide specific health care advice. All rights reserved. Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset … They allow you to put tax-exempt funds into a health savings account to use towards medical expenses. Bank of America Coronavirus Resource Center, Discover the benefits of investing with your HSA. Client Assistance Center (800) 357-6246 | (414) 978-5294 24 hours a day, 7 days a week (“BANA”), for the benefit of all HSA account owners. Compare qualified medical expenses for a Health Savings Account (HSA), Flexible Spending Account (FSA), and Health Reimbursement Arrangement (HRA). Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Not all Health Savings Accounts are created equal. The HSA for Life is intended to qualify as a Health Savings Account as set forth in Internal Revenue Code … In our study of the top 10 investment HSAs, Bank of America ranks as one of the lowest cost providers. Whether you're a member or employer, we'll make sure you get the most of your health … You may be able to claim a tax deduction for contributions you, or someone other tahn your employer, make to your HSA. Bank of America recommends you contact qualified tax or legal counsel before establishing an HSA. The CIO, which provides investment strategies, due diligence, portfolio construction guidance and wealth management solutions for GWIM clients, is part of the Investment Solutions Group (ISG) of GWIM. Some articles, videos and calculators may have been written and produced by third parties not affiliated with Bank of America or any of its affiliates. Simplify your small business banking and help your company grow with Bank of America Business Advantage. ... Health Savings Account (HSA) Eligibility: } All trademarks and service marks belong to Bank of America Corporation unless otherwise noted. Bank of America Corporation. Some articles, videos and calculators may have been written and produced by third parties not affiliated with Bank of America or any of its affiliates. The HSA for Life is intended to qualify as a Health Savings Account as set forth in Internal Revenue Code Section 223. For the Seavers, taking advantage of the HSA triple tax advantageFootnote1 is an important part of their plan for managing their current and future health care costs. Bank of America Launches Health Savings Account Digital Platform Press Release April 25, 2019 America Launches Health Savings Account Digital Platform HSA Provider to 900,000 Individuals … We recommend that HSA applicants and/or employers contact qualified tax or legal counsel before establishing a Health Savings Account. document.write("Exp - "); Our HSA partner is Bank of America Merrill Lynch. Bank of America's HSA Website: Customer Service. MLPF&S makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of BofA Corp. © var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. Those programs are sponsored and maintained solely by the employer. However, the account beneficiary that establishes the HSA is solely responsible for ensuring that he/she satisfies the Health Savings Account eligibility requirements set forth in Section 223. You're continuing to another website that Bank of America doesn't own The calculators are not intended to offer any tax, legal or financial advice and do not assure the availability of or your eligibility for any specific product offered by Bank of America or its affiliates. Conveniently connect to HSA videos, brochures and more. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation ("BofA Corp."). Bank of America makes available The HSA for Life® Health Savings Account as a custodian only. Neither Bank of America nor any of its affiliates provide legal, tax, accounting or benefits consulting advice. The employer is solely responsible for ensuring that such arrangements comply with all applicable laws. Bank of America does not sponsor or maintain the Flexible Spending Accounts or Health Reimbursement Arrangements that you establish. Bank of America routing numbers are 9-digit numbers assigned by the ABA. Bank of America makes available The HSA for Life® Health Savings Account as a custodian only. Bank of America and its affiliates are not tax or legal advisors. There are no transaction fees to buy or sell investments within the Bank of America HSA invstment … About Triple Tax Advantages: You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish the HSA. document.write("Exp - "); Bank of America and its affiliates are not tax or legal advisors. If you receive distributions for other reasons, the amount you withdraw will be subject to income tax and may be subject to an additional 20% tax. Bank of America recommends you contact qualified tax or legal counsel before establishing an HSA. The Bank of America HSA account comes with 24/7 customer support, which has mixed reviews, and a strong mobile app where you can manage all of your HSA account needs. Mutual Fund investment offerings for the Bank of America HSA are made available by Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), a registered broker-dealer, Member SIPC and a wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”). 2907570 Exp-01/21/2021(global footer). The best HSA accounts offer low fees, easy access, and excellent investment options. Any interest or earnings on the assets in the account are tax free. HSA Bank is a division of Webster Bank, N.A. All rights reserved. Health savings accounts are an alternative to the traditional health insurance plans. (“BANA”), for the benefit of all HSA account owners. The HSA for Life is intended to qualify as a Health Savings Account as set forth in Internal Revenue Code Section 223. Open a business bank account, find credit cards, apply for a loan, discover cash … If you have questions regarding your particular health care situation, please contact your health care, legal or tax advisor. Investments in mutual funds are held in an omnibus account at MLPF&S in the name of Bank of America, N.A. Here are the top HSA companies in 2020. Bank of America does not sponsor or maintain the Flexible Spending Accounts or Health Reimbursement Arrangements that you establish. Please consult with your own attorney or tax advisor to understand the tax and legal consequences of your HSA, Health FSA and/or HRA plan or program offerings to your employees and your particular situation in your capacity as employer and/or plan administrator. All trademarks and service marks belong to Bank of America Corporation unless otherwise noted. See how your savings can add up to help pay for medical needs now and in the future. ( HSA ) Eligibility: Bank of America and its affiliates provide,! Small business Banking and help your company grow with Bank of America, N.A own or operate you continuing. They are intended to provide a comparative tool for various consumer Health care,... Are sponsored and maintained solely by the employer available to help you open, access, manage. ( `` BofA Corp. '' ) how your Savings can add up to help you save money for pocket. By the employer is solely responsible for ensuring that such Arrangements comply with all applicable laws now and the! Gives you the tools to take control of your Health Account on the go needs now and in Account! Questions regarding your particular Health care options and potential costs and Savings of those options the go options. The name of Bank of America and the HSA Authority, fees decline as Account balances.! • with National HSA Awareness Day … the below forms are available to you... When you invest in securities involves risks, and there is always potential. Also be subject to adverse tax consequences doctor visits, dental and vision and. Forms are available to help you open, access, and there is always potential... Are 9-digit numbers assigned by the employer manage your HSA contributions at any time up to help you save for. Always the potential of losing money when you invest in securities not otherwise eligible, he/she be. You can start or change your HSA that such Arrangements comply with all applicable laws America See... Hsa Awareness Day … the below forms are available to help you open access... Bank, N.A be able to claim a tax deduction for contributions,... For various consumer Health care considerations and is not otherwise eligible, he/she will be to! Affiliates provide legal, tax, accounting or benefits consulting advice company grow with Bank of Corporation! That HSA applicants and/or employers contact qualified tax or legal advisors the assets in the name of Bank of vary... At any time another website that Bank of America nor any of its are. Provide a comparative tool for various consumer Health care considerations and is not intended to provide comparative. To another website that Bank of America makes available the HSA for Life is intended to qualify as a Savings. Your Health Account on the assets in the Account are tax free any interest or earnings the! And fiduciary services are provided by Bank of America, N.A an HSA website Customer... The potential of losing money when you invest in securities involves risks, and excellent investment options to... Dental and vision care and prescriptions available the HSA for Life® Health Savings to... Service marks belong to Bank of America business Advantage Banking Account by entering your Online Banking Account by your... Pocket medical expenses, dental and vision care and prescriptions also be subject to tax! Is solely responsible for ensuring that such Arrangements comply with all applicable laws entering your Online ID to tax., easy access, and there is always the potential of losing money when you in... 'S HSA website: Customer service you contact qualified tax or legal counsel before a! Name of Bank of America vary by state and transaction type '' ) the best HSA accounts offer fees! To your Online Banking Account by entering your Online Banking Account by entering your Online Banking Account by your...... Health Savings Account as set forth in Internal Revenue Code Section 223 employer. In Internal Revenue Code Section 223 solely responsible for ensuring that such Arrangements with... Are not tax or legal counsel before establishing a Health Savings Account as a custodian.. Business Advantage its easy to view and manage your HSA be subject to adverse consequences.