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Ben-e-lect and HSA Bank
Why Ben-e-lect and HSABank?
Introduction
While many companies offer to act as custodian or trustee of your Health Savings Account by administering deposits and withdrawals to your account, HSA Bank and Ben-e-lect offers a safe and more cost effective alternative. By selecting HSA Bank as your trustee and Ben-e-lect as your Third Party Administrator, you maximize your benefits and cost savings.
Competitive Interest Rates/Low Fees
HSA Bank offers the most attractive mix of competitive interest rates and low fees. We offer higher
interest rates on HSAs than most banks offer on traditional savings or money market accounts. Our current rates are available at www.hsabank.com. Your account also has low balance requirements that allow you to earn higher rates of interest — faster. Charging high fees erodes, or sometimes eliminates any cost savings advantage you have with your Health Savings Account. Additionally, HSA Bank and Ben-e-lect will waive your monthly fee when you maintain a balance of $3000 or more in the account. By using the Ben-e-lect HSA, your set up fee is reduced from $25 to $10 and your administration fee is reduced.
The Ben-e-lect Advantage...
HSA Bank and Ben-e-lect provide convenience and personalized service at an affordable rate. Ben-e-lect’s Customer service Department is available to guide you through the enrollment process, contribution options and more. The Ben-e-lect advantage includes:
Low Rates - When using the HSA Bank product combined with Ben-e-lect, you can count on getting low rates with HSA Bank
Discounted Ben-e-Iect fees — Ben-e-lect discounts it's administration fee for those employees enrolled in the HSA. The discounts allow you to cover your employee’s HSA fees if you so choose.
How to spend an HSA - Ben-e-lect will advise the employee in spending his/her HSA money in the proper manner, ensuring he/she pays only eligible and properly discounted claims.
Employee Assistance — Ben-e-lect is available to assist your employees when they ask, “How do I make my HSA plan work?”
Customer Service - Employees enrolled in the HSA will still be directed to Ben-e-lect’s customer service department for assistance.
HSA Bank account holders
Access your account at HSA Bank by clicking here.
HSA Bank Information
Read more about HSA Bank by clicking here.
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