Where Can Employees Open HSAs?
HSA administration is a totally new area of financial services.
Each month, more vendors are entering into the business.
Which HSA administrator is right for you?
- Like an Individual Retirement Account (IRA), establishing
a Health Savings Account (HAS) depends on your personal circumstances
and preferences. Like an IRA, you do not need permission from
the IRS or any other regulatory agency to set one up.
- In choosing
an HSA administrator, use the same diligence you would use
in choosing your regular bank or in investing IRAs
and other savings.
- If you are not happy with your HSA administrator,
don’t
worry. You can switch your HSA funds to a new HSA administrator
the same way you would move a savings account from one bank
to another.
Choosing a Health Savings Account Administrator
To help you get started, here are some of the more established
HSA vendors (listed alphabetically):
- American Chartered Bank (847.273.1649)
- American Health Value
(800.914.3248)
- Bancorp Bank (800.545.0289)
- Entrust (877.742.1270)
- Exante Financial Services (860.702.7363)
- First American Bank
(847.952.3700)
- First HSA (888.769.8696)
- Health Savings Administrators (888.354.0697)
- HSA Trustee
Services (866.472.2010)
- JPMorgan Chase (800.778.0898 -- Anthem
Only)
- JPMorgan Chase (888.854.0537 -- UniCare Only)
- Mellon Financial
(412.234.5000)
- Oak Brook Bank (630.990.2265)
- PrimeHealth (866.844.0977)
- State Farm Bank (877.734.2265)
- Sterling HSA (800.617.4729)
- Wells Fargo (866.890.8309)
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