Health Savings Account Print

A Health Savings Account is a tax-advantaged account that can help employees save for healthcare expenses. It works with a qualified HDHP to cover expenses before the deductible is reached. Employers making contributions to employees' HSAs is one of the most effective ways to get employees engaged in their HSAs.

Benefits for you:

• Requires minimal administration time
• Informational web portals are available for both Employers and Employees to learn about HSAs from A-Z
• Increases your ability to attract and retain quality employees
• Specialized HSA Employer Support Center, 1-866-379-3630, to assist Employers with HSA-related inquiries and program management

Benefits for your employees:

• A complete online solution with 365/24/7 access - to assist in managing virtually all aspects of the account with a state-of-the-art online system that's simple to learn and use
• No minimum deposit required to open the account
• Premium rates of tiered interest earned on the first dollar of the balance
• Free monthly statements available both online and in the mail
• Online bill payment to healthcare providers across the country
• Free online transfer of funds into and out of the HSA from either a Fifth Third or non-Fifth Third account
• Fifth Third Bank HSA debit card available with 24-hour access to cover medical expenses
• Specialized HSA Support Center, 1-888-350-5353, with extended hours to assist account holders with any HSA-related inquiries
• Benefit from a tax-deferred investment account (investment options available once deposit balance reaches $2,000)

For additional information or to open an account, please visit www.53hsa.com.