The Health Savings Account (HSA) provides you a tax-advantaged account which allows you to save money for your future. It helps you to manage your account for medical and health care expenses. As long as your medical expenses are qualified for HSA rules, it can cover most of the fees included. And you can keep if for many years even if you get a new job or change your health plans.
Setting up a Health Savings Account is a sensible, convenient, fairly simple way for you to save for medical expenses via the tax-advantaged account. By using HSA, it will be easier for you to deduct extra fees and also, special privileges will be offered. Managing your medical plans will also be much less troublesome for the HSA always keeps you updated even if you have changed your job or health plans.
About the Bank of America
The Bank of America, also known as BAC, was initially founded in 1904. It provides its customers with various banking and financial services and is also the largest bank in America. The Health Savings Account is one of its financial programs designed for customers for better account management.
How to Open an Individual Bank of America HSA?
- A computer with internet access.
- Not enjoying Medicare benefits at present.
- You need be enrolled in a High Deductible Health Plan.
- You can’t join other tax-return program.
- All health coverage must be qualified based on the laws.
- Step-By-Step Guide
- Visit the related link 1 below, click “Continue” when you see “Open an Individual HSA” located in the bottom right corner.
- Enter your applicant information, personal information, and then create your user ID.
- Confirm the terms and conditions, check the applicant verification.
- If there is any question, please refer to the related link 2 below for FAQ.
- For more information about HSA, please refer to the related link 3 below for details.
- Open an HSA Account:
- HSA Account FAQ:
- More about HSA: