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An HSA from Bank of America helps put you in control of your health care costs.

Small businesses

An HSA from Bank of America can help you and your employees save money.

Large employers

For companies with more than 3,500 employees, we offer a full suite of health accounts.


A full suite of health accounts to help your clients manage health care costs now and in the future.

Tools, Resources & FAQs

Resources for individuals & account holders

Resources to help you learn about using health accounts (HSAs, FSAs, HRAs) to save money on health care.

Resources for employers

Tools, news, and insights to help you manage your health account program and engage your employees.

Why choose Bank of America

We’re committed to providing individuals and businesses the financial products and services they need to help achieve their goals at every stage of their financial lives.

Learn more

Health Savings Accounts (HSAs) for individuals

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.

What is a Health Savings Account?

A Health Savings Account (HSA) is a type of personal savings account that helps those with qualified high-deductible health plans (HDHPs) save money on many out-of-pocket medical expenses like doctor visits, vision and dental care, and prescriptions.

Benefits for you.

Save it. Use it. Never lose it.®1

Triple Tax Advantage2

An HSA offers unique tax advantages that help you keep more of your hard-earned money by providing the potential for:

  • Pretax contributions: Contributions to your HSA can be made with pretax dollars which means every dollar you contribute is a dollar saved (your employer may offer a payroll deduction3 option to help you make contributions on a pretax basis)
  • Tax-free gains: Any gains on the money in your HSA are tax-free so you keep 100% of any money your HSA savings or investments earn, boosting the amount of money you have to cover your out-of-pocket medical costs.
  • Tax-free withdrawals: You won't pay taxes on money you withdraw for qualified medical expenses


You decide:

No “use it or lose it” rules

  • Any unused balance carries over from one year to the next

HSA for Life®

  • Your HSA belongs to you, so you can use the money in your account to pay for qualified health care expenses throughout your life—including retirement

Learn more about HSAs from Bank of America

View FAQs and other helpful resources

Easy way to pay

Free HSA Visa® debit card with no transaction fees.5

Mobile app6

Submit claims, check your balances and monitor your account all from your smartphone.

Online portal

Online account access makes it easy to submit claims and monitor accounts.

Mutual funds7

Choose from a range of mutual funds with no additional account or transaction fees.

Help when you need it

Dedicated support from the Customer Care Center.

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.

3 In order to offer payroll deduction, an employer’s cafeteria plan must comply with Internal Revenue Code Section 125.

4 The Internal Revenue Service publishes a list of qualified expenses in Publication 502, Medical and Dental Expenses available at

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.

6 Data connection required. Wireless carrier fees may apply. Mobile app not available on all devices.

7 Mutual fund offerings are provided by Devenir, LLC.

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