HSA Bank Expert Review, Pricing, Alternatives - 2022

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Chris Hatler
HR tech researcher, writer and editor
May 16, 2022

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HSA Bank Versus the Competition

We love HSA Bank because of its ease of use. It is also easy to set up, enabling businesses to get started hassle-free.

If you're ready to get a HSA Bank demo, we suggest getting in touch for a look at the product and quote. Otherwise, read on!

HSA Bank Alternatives

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BenefitWallet tailors their HSA experience to your company's specific needs. They offer a personalized and simplified approach to managing health care costs and accumulating wealth through health accounts.
We love Further because they offer competitive interest rates that grow the more you save. They combine health and finance in a seamless and understandable manner.
We love HealthEquity because it provides a good selection of custom integrations to streamline benefits workflows.
We love Lively because it is a venture-backed HSA with an intuitive user interface. It can also be used on mobile devices which is convenient for on-the-go access.
At Optum Bank, they put in the effort to educate employees and employers to ensure everyone knows what to expect and how to derive the most value from health savings accounts.
Not only is Fidelity a reliable provider, but their HSA is both transaction and free from fees. They offer financial planning and advice, retirement plans, wealth management services, and more.
Pros
Cons

HSA Bank Review

As the name suggests, HSA Bank has a broad offering of products that include HSAs, FSAs, and HRAs. They have over $7 Billion in accounts at any given time, and are backed by their parent company Webster Bank (NYSE: WBS). HSA Bank also has a handy HSA comparison tool on their website.

Who shouldn't buy HSA Bank

HSA Bank Customers

HSA Bank: Quick and easy setup

HSA Bank Stats

  • Partnered with 35,000 employers

HSA Bank Key Features

  • HSA custodian and administrator
  • Health insurance carrier neutral
  • Different investment options
  • 24/7 support
  • On-demand reporting

HSA Bank Key Integrations

HSA Bank will work with your payroll provider to ensure contributions are properly deducted.

HSA Bank Pricing

Motivosity Recognize
Motivosity Recognize
Motivosity Lead
Motivosity Listen
Free
$5 per person per month
$6.50 per person per month
$2 per person per month

HSA Bank Best For

Motivosity Recognize
Motivosity Recognize
Motivosity Lead
Motivosity Listen
Free
$5 per person per month
$6.50 per person per month
$2 per person per month

HSA Bank Implementation

Electronic enrollment takes one business day as long as employee files are correctly formatted. Paper applications take about two business days after HSA Bank receives them.

HSA Bank Customer Success

About HSA Bank

As a next step you can visit the HSA Bank website or read our research on the Top HSA Providers.

As a next step you can visit the HSA Bank website or read our research on the Top HSA Providers.

FAQs

Company HQ

Number of Employees

Year Founded

Amount Raised
Listed in our research about HSA Providers
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