Health Savings Account Blog

Effective January 1, 2008, members who enroll in Health Net's EZAccess HSA program will be offered a Bank of America Benefit Solutions(tm) HSA. The HSA funds belong to the member, earn interest, and are completely portable, providing a long-term consistent account that will move with the member through all of life's changes, including a new job, or even retirement. Additional benefits of a Bank of America HSA include:

- No set-up fees, and no minimum dollar amount required to open an account

- A low monthly fee of only $3.95

- A 3.5% investment yield on non-invested cash accounts

- Online enrollment and account management, which includes online bill pay, expense tracking, investment tracking and 24-hour access to online reporting seven days a week

- A Bank of America HSA Visa® debit card and access to online bill pay to request payments for qualified health care expenses

- 14 Columbia Investment Mutual Funds to choose from, each rated 4 Stars by "Morningstar"

Combined with the Health Net user-friendly wellness and decision support tools, members can make more informed decisions about their health care and control how they spend their health care dollars.

This partnership will provide an alternative option to employers and individuals who wish to improve their health care experience while curbing their rising medical costs.

Those members currently enrolled in Health Net's EZAccess HSA program with a Wells Fargo account do not need to do anything. They own their accounts and can choose what to do with them. They can stay with Wells Fargo or they can roll their account over to Bank of America.

http://www.health--savings--accounts.com