HSA Bank Review 2021: Alternatives, Pricing, Features

Listed in our research on: Top HSA Providers — March 2021

Phil Strazzulla, HR Tech Expert
March 19, 2021

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

What's Inside

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.

HSA Bank Customers

HSA Bank Stats

  • Partnered with 35,000 employers

HSA Bank Resources

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Buying HR Software? Check out these resources

Key HSA Bank Features

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

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

HSA Bank Key Integrations

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

What to be aware of

HSA Bank Pricing

HSA Bank Alternatives

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Lively

Automated tasks and processes

HealthEquity

Custom integrations

Further

Competitive interest rates

Fidelity

Fee-free HSA

BenefitWallet

Manage 1 million employees' HSAs

Optum Bank

HSA leader

HSA Bank

Quick and easy setup