When you use your Benefits Debit Card to pay for eligible medical expenses, the amount is deducted straight from your account. You will not be charged fees to invest, however, fees associated with certain funds may be incurred. We recommend you review the fund's prospectus for additional information when choosing an investment option. NOTE: American Fidelity Assurance Company does NOT provide tax advice. If you have questions regarding how to fill out IRS Form 8889, you will need to consult a tax professional. that establishes the HSA is solely responsible for ensuring that he/she satisfies the Health Savings Account eligibility requirements set forth in Section 223. If an individual/employee establishes a Health Savings Account and he/she is not. Let's take a look at some real-life scenarios and see how HSA savings can play out in various situations. If you prefer not to use the online reimbursement option, you can withdraw funds to reimburse yourself for eligible medical expenses by completing our Distribution Request Form and mailing or faxing it back to American Fidelity. link. This link is located just above your account balance graph. If you have questions regarding your particular health care situation, please contact your health care, legal or tax advisor. Make the most of your account over the long term by investing in a select menu of low cost, competitive mutual funds. We make investing easy for you. Once your account reaches $1,000 you select the amount you want in your cash account and we will automatically manage the transfers to and from your investment account. All trademarks and service marks belong to Bank of America Corporation unless otherwise noted. Tap into the triple tax power of a Health Savings Account. Set up your direct deposit information. After you've linked your bank account, you'll receive claim reimbursements electronically without the hassle of paper checks. Go to the profile tab to verify your email, mailing address and phone number so we can reach you if needed. If your account is through your employer, updates to your mailing address may need to be made through your benefits department. administrator who performs ministerial administrative tasks with respect to such arrangements pursuant to agreement with the employer. The employer is solely responsible for ensuring that such arrangements comply with all applicable laws. With an HSA, funds are available in your account as contributions are made. If funds are not yet available at the time a payment is due, you may pay out of pocket and reimburse yourself when you have funds in your account with the following methods: passport or social security card. It's important that you provide the requested information so you can begin accessing the funds in your account. You may not have secondary coverage that is non-HSA compatible. You can contribute funds into an HSA on a pre-tax basis to save for current and future medical expenses, putting you in charge of how you spend your health. Tax-free withdrawals: You won't pay taxes on money you withdraw from your HSA for qualified medical expenses. 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. 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. Any interest or earnings on the assets in the account are tax free. 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. Who is not eligible participate in an HSA?. How to Use Your FSA, HRA, & Commuter Benefits. To continue logging in, please provide the last four digits of your Social Security Number and date of birth. Fields indicated with an asterisk(*) are required. Social Security Number is not valid. Use the format 9999. HSA Bank Mobile gives you the tools to take control of your health accounts. Safe and secure, the mobile app offers real-time access for all your account needs, 24 hours a day, seven days a week. Learn how to maximize adoption of your HSA program through effective communications. If you need assistance logging in, contact the Client Assistance Center at (800) 357-6246 24 hours a day, 7 days a week. HSA Bank Mobile is compatible with iOS devices (iPhone, iPod Touch, iPad) and Android-powered devices. While the HSA Mobile app is free to download, message and data rates may apply. Check with your mobile services provider for any charges that may apply for data usage on your mobile device. Please refer to the Online Services Agreement for further details regarding HSA Bank mobile banking services. Learn More Learn more about contributing to a Health Savings Accoutn. Click "Continue" to go on, or "Cancel" to remain at HSA Bank. Find Out If An HSA IS Right For You. Standard HSA Rates and Fee Schedule (may vary based on employer relationship). Bookmark the enhanced Member Website! Going forward, navigate directly to the enhanced Member Website. If you have a High Deductible Health Plan (HDHP) through your employer, your spouse, or one you've purchased on your own that qualifies for an HSA, then you can open an HSA. HSA Bank. HSA Bank is a division of Webster Bank, N.A., Member FDIC. Learn how to maximize adoption of your HSA program through effective communications. Google Play and the Google Play logo are trademarks of Google, Inc. Learn More Learn more about Investing for Retirement. Learn More About What An HSA Can Do For You. Be a part of a dynamic company that's leading the way in the fast-growing HSA market!. You have options to grow your savings for healthcare or retirement. After age 65, HSA funds can be used for any purpose without penalty. However, the funds will be taxable if used for other than IRS-qualified medical expenses. Contributing to your Health Savings Account is easy and convenient. Choose payroll deductions, make online transfers, or rollover funds from another HSA. By clicking Continue, you will be redirected to our enhanced Member Website. You will need to use the Member Website to manage your account online. Contributing to Your Health Savings Account is easy.