An HSA from Bank of America helps put you in control of your health care costs.
An HSA from Bank of America can help you and your employees save money.
For companies with more than 3,500 employees, we offer a broad suite of health accounts.
A full suite of health accounts to help your clients manage health care costs now and in the future.
We’re committed to providing individuals and businesses the financial products and services they need to help pursue their goals at every stage of their financial lives.
An HSA from Bank of America helps put you in control of your health care costs.Apply for an HSA now If your employer offers an HSA from Bank of America, please follow the enrollment instructions they provided.
Save it. Use it. Never lose it.®Footnote 1
An HSA offers unique tax advantages that help you keep more of your hard-earned money by providing the potential for:
1 "Never Lose it" refers to account portability and annual rollover of accumulated assets, it does not imply you cannot lose money. The investment portion of the HSA account is not FDIC insured, not bank guaranteed and may lose value.
2 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. If you receive distributions for other reasons, the amount you withdraw will be subject to income tax and may be subject to an additional 20% tax. Any interest or earnings on the assets in the account are tax free. You may be able to claim a tax deduction for contributions you, or someone other than your employer, make to your HSA. Bank of America recommends you contact qualified tax or legal counsel before establishing a HSA.
4 The Internal Revenue Service publishes a list of qualified expenses in Publication 502, Medical and Dental Expenses available at www.irs.gov.
5 This HSA debit card program is issued by Bank of America, N.A. Visa is a registered trademark of Visa International Service Association, and is used by the issuer pursuant to license from Visa U.S.A. Inc.