Heath Savings Account - First Internet Bank

No Fee Health Savings Accounts for your Employees

Empower your employees to take better control of their healthcare expenses with the First IB Health Savings Account (HSA). This tax-advantaged account can be used to pay for eligible medical and healthcare expenses.

  • Contributions and interest earnings are tax-free
  • Eligible expenses can be paid with a debit card, online bill pay or a check
  • Funds are portable — the money is theirs no matter where they work
  • Unlike a Flexible Spending Account (FSA), HSA balances roll over from one year to the next
Health Savings AccountOpen
Open account with as little as
$0
APY (Annual Percentage Yield)
0.15%
Monthly maintenance fee
None
Minimum balance
None
Online and mobile banking
Free
Debit card
Free
Rates last updated __DATE__. Rates are subject to change on any day and will be updated by 10 AM Eastern. Please be sure to check this page after 10 AM Eastern for the rate that will be honored today. Fees may reduce earnings on account. The period used to calculate average daily balance is monthly.

For further details, refer to: Fees Common to All Personal Accounts, Truth in Savings Disclosure, Deposit Account Terms and Conditions.

Employees must be enrolled in a high-deductible health plan that meets IRS guidelines for the annual deductible and out-of-pocket maximum.

Additional eligibility requirements and contribution limits apply.

2017 Eligibility Requirements and Contribution Limits

Individual Plan
Minimum Deductible
$1,300
Maximum Out-of-Pocket
$6,550
Contribution Limit
$3,400
55+ Contribution
$1,000
Family Plan
Minimum Deductible
$2,600
Maximum Out-of-Pocket
$13,100
Contribution Limit
$6,750
55+ Contribution
$1,000
For further details, refer to: Truth in Savings disclosure and Schedule of Fees Common to All Personal Accounts.
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