If you are looking to deposit money into an HSA checking account you should use HSA Bank, as they are easy to use and leaders in their industry.
Sign up HERE for an HSA Bank Debit Card
There are many reasons for wanting to get a Health Insurance plan that is HSA (Health Savings Account) eligible. If you know you are going to have a lot of medical expenses in a year, want triple tax savings or a way to pay for additional medical expenses your health plan will not cover. Talk with a tax professional on the exact details of how to deduct medical expenses, yet generally most medical, vision and dental expenses for the family can be used from a HSA Account.
There are TWO important parts to getting a HSA Checking Account.
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Get a HSA qualified Health Insurance plan (This is what HSA Health Insurance Plans look like).
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Get a HSA Checking account at HSA Bank (Sign up for a HSA Debit Card Account HERE).
In order to contribute to an HSA Account you MUST have an HSA eligible Health Insurance plan with a high deductible (where you pay the up front costs).
Several reasons you should work with HSA Bank is that this is their ONLY business and the largest HSA source as well. They have a simple sign up process and provide an HSA Debit Card to use for your medical expenses. It only costs $2.50 per month to use their services. You can give them a call at 800-357-6246 (office hours is 5am to 7pm M-F and Saturday 7am to 11am).
INVEST: You can also invest the money in your HSA account with TD Ameritrade (the returns grow tax free)!
By setting up an online checking account with HSA Bank, you they streamline everything and make life easy! From my experience they have done the best job and clients have had the least amount of issues. They
Below are my areas of expertise:
- Health Insurance (Every company in Washington State)
- Life Insurance (33 companies)
- Income Protection (8 companies)
- Tax Sheltered Accounts (Following IRS guidelines)
Gary Franke, MBA
Independent Broker
Achieve Alpha Insurance, LLC
12507 Bel-Red Rd, Ste 103
Bellevue, WA 98005
(425) 802-2783
gary@achieve-alpha.com
www.achieve-alpha.com