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Time HSA
Tools* account comes with two different monthly fee structures:
- Free
account - To open your Time HSA Tools account with no
monthly fees, you must set up a monthly direct deposit of
at least $50 per month.
-
Fortis HSA Tools. See the brochure
 .
This option gives customers easy access to their funds via
a VISA debt card and a checkbook, mutual fund investment
options, and online access to view all activities of their
HSA account.
If you
do not choose one of the two above options, you will be charged
$3.95 per month. With
either option, Time HSA Tools gives customers easy access
to their funds via a VISA debt card and a checkbook, mutual
fund investment options, and online access to view all activities
of their HSA account.
*
Pursuant to a Service Agreement, UMB Bank, n.a. serves as
custodian for the HSA arrangements offered through Assurant
Health. HSA customers who meet certain minimum deposit
requirements (presently $2,000) are eligible to direct UMB
Bank, as their custodian, to open an investment account for
their HSA with UMB Scout Brokerage Services, Inc., member
NASD, SIPC, a subsidiary of UMB Bank. UMB Scout Brokerage
Services, Inc. is not otherwise affiliated with Assurant Health.
Investment
products are: NOT FDIC INSURED, MAY LOSE VALUE, NO BANK GUARANTEE
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Setup
Fee
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Closing
Fee
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Minimum
Opening Deposit
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Monthly
Fee
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Annual
Fee
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None
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None
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None
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None
or
$3.95
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None
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| Access
Fee: |
None.
Basic account customers must submit a withdrawal form
to Time for disbursement (approx. 2 weeks). HSA
Tools customers have access to a VISA debt card
and a checkbook. |
Investment
Options:
- 3%
is paid on the entire balance once the account holder reaches
a balance of $5,000.00 and higher
- 2%
is paid on the entire balance once the account holder has
a balance of over $749.99, but less than $5,000.00
- No
interest is paid if the balance is $749.99 or less
| Perks: |
No
cost to set up and easy to use.
HSA
Tools:
- Online
HSA Deposits Available: With HSA Tools,
you can schedule HSA deposits directly into your account.
You can make single contributions or set up recurring
contributions from a personal account.
- Online
access to view all activities of your HSA account
- Access
to a wide variety of nationally recognized fund families
through UMB Scout Brokerage
- Access
to PharmaAdvisor online for unbiased, credible
drug information
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* Only
available with Time Insurance
HSA plans.
Basic
application HSA
Tools Application
Disclaimer:
The information listed above is current to best of
our knowledge. Please visit this administrator's web
site or contact them directly to confirm you have the most
current information available.
HSA
for America is an independent health insurance
agency specializing in high deductible health plans qualified
to work with health savings accounts. We provide a
list of recommended HSA administrators as a service to our
visitors and customers. We are NOT an administrator
ourselves. If you have a question for a specific
administrator, please contact them directly.
For
a list of the administrators we recommend, please visit
our HSA Administrators page.
For
information on how to get instant quotes and choose a plan
that is qualified to work with a health savings account,
please visit our "How
To" Guide page.
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