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.

Health Savings Account (HSA)

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

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 deduction 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

Any unused balance carries over from one year to the next

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

Contact –

For a proposal, or to learn more:

Call the National Referral Center: 1.800.992.3200
Monday – Friday 9 am – 6 pm ET
Or email: hsaforlife@bankofamerica.com

For help with an existing account:

Call the phone number listed on the back of your debit card
TTY: 1.800.305.5109
24/7