HSA Bank Expert Review, Pricing, Alternatives - 2022
We love HSA Bank because of its ease of use. It is also easy to set up, enabling businesses to get started hassle-free.
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.
- Partnered with 35,000 employers
- HSA custodian and administrator
- Health insurance carrier neutral
- Different investment options
- 24/7 support
- On-demand reporting
HSA Bank will work with your payroll provider to ensure contributions are properly deducted.
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.