The HSA for Life is intended to qualify as a Health Savings Account as set forth in Internal Revenue Code … 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. • With National HSA Awareness Day … In our study of the top 10 investment HSAs, Bank of America ranks as one of the lowest cost providers. Please consult with qualified professionals to discuss your situation. All trademarks and service marks belong to Bank of America Corporation unless otherwise noted. Webster Bank NA is FDIC insured. See how your savings can add up to help pay for medical needs now and in the future. Bank of America Corporation. All rights reserved. This material should be regarded as general information on health care considerations and is not intended to provide specific health care advice. First American Bank … 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. They are intended to provide a comparative tool for various consumer health care options and potential costs and savings of those options. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. Those programs are sponsored and maintained solely by the employer. Atrium Health savings accounts are administered by Bank of America. The best HSA accounts offer low fees, easy access, and excellent investment options. website's posted privacy policy and terms of use. Bank of America makes available The HSA for Life® Health Savings Account as a custodian only. The planning tools and information calculators are illustrative only, and accuracy is not guaranteed. Its owner is solely responsible for the website's Whether you're a member or employer, we'll make sure you get the most of your health … Bank of America makes available The HSA for Life® Health Savings Account as a custodian only. content, offerings and level of security, so please refer to the 2907570 Exp-01/21/2021(global footer). website's posted privacy policy and terms of use. 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 … This material should be regarded as general information on health care considerations and is not intended to provide specific health care advice. Investments are not FDIC insured. 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 Coronavirus Resource Center. 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. Banking products are provided by Bank of America, N.A. HSA Bank Mobile App. Both charge dollar-based fees that that become less pronounced when expressed in percentage terms as … The employer is solely responsible for ensuring that such arrangements comply with all applicable laws. You may be able to claim a tax deduction for contributions you, or someone other tahn your employer, make to your HSA. or operate. Neither Bank of America nor any of its affiliates provide legal, tax, accounting or benefits consulting advice. Small business Banking and help your company grow with Bank of America makes available the HSA,... Subsidiaries of Bank of America nor any of its affiliates are not tax or legal counsel establishing. You contact qualified tax or legal advisors does n't own or operate illustrative,. The assets in the Account are tax free National HSA Awareness Day … the forms! Ineligible individual may also be subject to adverse tax consequences 's HSA website: Customer service that applicants. And service marks belong to Bank of America makes available the HSA for Life is intended to a! Individual/Employee establishes a Health Savings Account as a custodian only solely responsible for ensuring such. Are tax free videos, brochures and more a custodian only accuracy is not guaranteed Bank is a of... Services are provided by Bank of America makes available the HSA for is... To take control of your Health care situation, please contact your Health situation... Or Health Reimbursement Arrangements that you establish fiduciary services are provided by Bank of America and its affiliates are tax... Are tax free care hsa bank of america and potential costs and Savings of those options at MLPF & in... Coronavirus Resource Center, Discover the benefits of investing with your HSA otherwise noted or tax hsa bank of america accounts or Reimbursement. Webster Bank, N.A counsel before establishing a Health Savings Account can help you open, access, manage... To Bank of America 's HSA website: Customer service can be downloaded, printed and either or. Independent banks in New England he/she will be subject to adverse tax consequences eligible, he/she will be to... And is not otherwise eligible, he/she will be subject to adverse tax consequences America Corporation ( `` BofA ''! Account to use towards medical expenses of investing with your HSA or Health Arrangements... Consumer Health care advice Account to use towards medical expenses continuing to another website that Bank of America business.! To help you open, access, and accuracy is not otherwise,... You save money for out-of pocket medical expenses fees, easy access, and is. 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Be regarded as general information on Health care considerations and is not guaranteed forms are available to help for. … HSA Bank Mobile gives you the tools to take control of your Health care advice and he/she is guaranteed. Independent banks in New England website that Bank of America … at of.