HSA Bank

HEALTH SAVINGS ACCOUNTS

HSAs are based on a simple idea: increase a client’s deductible, save the difference in premium in a tax-free account, and let the client use the account to pay their healthcare expenses or else save for the future. It is believed that clients will start taking more responsibility for the budgeting and decision-making of their healthcare.

Selling an HSA involves two important components:

• A government-qualified “High Deductible Health Plan”, and
• An account for the savings funds 

When you sell an HSA-qualified medical policy, your client has the option of what Administrator they use to coordinate the pre-tax funds. Instead of just letting your clients sign up with whichever company the carrier refers them to, you can direct those clients to HSA Bank. Ensure that they will be well taken care of. You will be able to better serve your clients if all/most of them are with a common Administrator. Plus, HSA Bank has flexible plan choices – most of which earn commissions for you.

HSA BANK

HSA Bank serves customers in every state in the nation and has more than 11 years of experience with health care savings accounts. HSA Bank continuously strives to offer the best HSA product in the industry. HSA Bank combines convenience, service and savings with low account maintenance fees, competitive interest rates, several investment options, 24-hour account access online or through its automated telephone system, and outstanding personal service.

HSA Bank, a division of Webster Bank, N.A., which is a subsidiary of Webster Financial Corporation (NYSE: WBS), is one of the nation’s leading Health Savings Account (HSA) administrators. It serves nearly 250,000 accountholders with nearly three quarters of a billion dollars in HSA assets. HSA Bank focuses solely on the administration, service and support of its HSA product. Its philosophy is to do what it does best and partner with others who do the same to provide a best-of-breed solution.

HSA Bank is among the most experienced HSA administrators in the country. It entered the consumer-driven health care market in 1997 by offering Medical Savings Accounts to small employers and the self-employed. With the passage of the Medicare Prescription Drug, Improvement & Modernization Act of 2003, which established Health Savings Accounts, HSA Bank immediately redefined its product offering to provide and service HSAs.

For more information, see www.hsabank.com.

PRODUCT DETAILS

If you already work with HSA Bank, you can register through BenefitMall to work via us.

If you’ve never worked with HSA Bank, the first step is to complete the Agent Sign-Up Form.

Visit the Partner Site for such details as:

• Product descriptions
• Procedures for signing up groups
• Procedures for signing up individuals
• HSA Resources available to support you and your clients

For further sales & product support, call or email your local HSA Bank Contacts.

For access to an Employer Manual, Enrollment Forms, Enrollment/Contribution Options and other materials, visit BenefitMall’s Carrier Information Library within your Broker Workspace, or contact your Sales Representative.