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When you decide on an HSA plan you like, click "apply" and you can sign up right online.
From our clients...
"Your company is very personable, pleasant to deal with and patient with all my questions. I was new to Health Savings Accounts and wanted to make sure I had a good understanding of what they were."
Linda Nelson - Lenexa, TX
"I would certainly recommend your company to others and feel you are offering a valuable service to all of us who are frustrated with the current health care system."
Diane Rumsey - Edmond, OK
"We were really impressed with the service and the straightforward answers."
Cory Shain - Patskala, OH
How to Choose an HSA Administrator
Find Information On All The Leading HSA Administrators
When
setting up an HSA, there are actually two separate parts:
your health insurance, and your health savings account.
While most insurance companies partner with a bank or administrator
where you can establish your HSA, we recommend choosing
an independent HSA administrator.
Choose an independent HSA Administrator
Health Savings Account contributions are required by Federal law to be held by a qualified trustee or custodian. The funds can be deposited with any authorized HSA administrator, regardless of which insurance company underwrites the policy. Each administrator offers different features, and has a different fee schedule, summarized below.
Our recommendation is to set up your HSA with one of the many third party financial institutions offering to administer your Health Savings Account. There are two main reasons for this:
- Independent HSA administrators often provide lower fees and more investment options than those offered by the insurance company.
Compare Fees and Services
There are many HSA administrators to choose from, all with different fee structures and services. Listed below are several with whom we have a relationship. After choosing the one that best meets your needs, you can apply online with some companies, or download an application to mail in with your initial deposit.
The most popular among our clients is HSA Bank. In addition to savings accounts, they offer a full brokerage services with discount broker partners, allowing you to purchase stocks, bonds, and mutual funds through Vanguard, Fidelity, Janus, and other mutual fund companies. We have used them ourselves and have been very pleased with the level of customer service.
Low fees are an important consideration until you have built up some money in your account. If you are only interested in a savings account option, one of the plans that has no fees is First American Bank.
You may want to consider HSA Resources if you are looking to set up Health Savings Accounts for an employer group. They have good service, low rates, and two attorneys on staff to help handle difficult issues that sometimes get complicated with group plans (section 125 issues, "comparability" testing of HSA contributions, Sub S and partnership contributions, etc.).
HSA for America is an independent health insurance broker specializing in HSA-qualified plans for individuals and families. We are happy to provide our health insurance customers assistance in choosing the best administrator to meet their needs.
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Disclaimer: The information listed above is current to best of our knowledge. Please visit each administrator's web site or contact them directly to confirm you have the most current information available.
Attention HSA Administrators: We are always on the look out for administrators that offer an exceptional value for our customers. If you would like to be considered for listing on this site, please fill out this HSA Admin application.
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 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.
HSA Administrators in the News
Great Health Savings Account Rewards
A high-deductible plan combined with a Health Savings Account (HSA) is a tax-advantaged way to pay for most medical expenses. HSA plans allow your savings to grow with tax-free earnings.
Plus, HSA money is yours to keep in contrast to flexible spending accounts. Those funds are only available until the end of the year.
There's even a program called "My HSA Rewards" that lets you earn cash-back from purchases to build your HSA balance. That's great at Christmas time, but it works throughout the year....
Why Health Savings Accounts Are On The Rise
We have seen a constant increase in the number of Health Savings Accounts because they create a win-win situation for employees and employers. Two studies were conducted to show you why enrollment in HSA plans continues to grow.
Buck Consultants conducted a survey that revealed that Health Savings Accounts are not only saving employers and consumers money, but are also helping employees (and retirees) make better decisions about their healthcare. Employers said that the cost of providing HSA high-deductible health plans is considerably less than that of providing a standard health plan. ...
Have Health Savings Accounts Changed With Health Care Reform?
Since the implementation of the Affordable Care Act, we have seen numerous changes in the way we receive health care. One of the health care options affected by this law has been the high-deductible health insurance plans that allow you to open a Health Savings Account (HSA).
Low-cost HSA plans, like all plans with deductibles, must now cover preventive health care before policyholders have spent enough on their own health care to meet the plan's deductible....
Health Savings Account Cures High Health Care Cost
Health Savings Accounts allow you to contribute money to a savings account that earns tax-free interest, or invest money in stocks and bonds or mutual funds for tax-free earnings. You can tap your Health Savings Account (HSA) money to pay for medical expenses for you and your family and the withdrawals are also tax-free as long as you spend the money on qualified health care. That list is pretty long and includes many services that traditional health insurance doesn't cover, like dental care.
Before you can start a HSA, you must have a high-deductible health plan and not just any plan will do. Be sure to get a plan that is qualified to be combined with a HSA....
WageWorks Acquires Assets of Choice Strategies
SAN MATEO, Calif. , Jan. 9, 2012 /PRNewswire/ -- WageWorks Inc., a leading on-demand provider of tax-advantaged programs for consumer-directed health, commuter and other employee spending account benefits, ...
Ridgewood teachers to sit out charity basketball game as contract talks continue
Teachers have chosen to sit out this month’s Harlem Wizards charity basketball game at the high school as contract talks continue between the Ridgewood Education Association and the Board of Education.
Teachers bow out of charity ballgame
RIDGEWOOD – Teachers have chosen to sit out this month's Harlem Wizards charity basketball game at the high school as contract talks continue between the Ridgewood Education Association and the Board of Education.
