Using your Health and Benefit Visa debit card. } All trademarks and service marks belong to Bank of America Corporation unless otherwise noted. Whether youre at the doctors office, the pharmacy, a retailer or online, the easiest way to pay for qualified health care expenses with funds from your health account(s) is to use your Health and Benefit Visa debit card. Eligible Expense Scanner var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. Virtual Assistants For Entrepreneurs, Professionals, and Small teams. The investment portion of the HSA account is not FDIC insured, not bank guaranteed and may lose value. However, the account beneficiary establishing the HSA is solely responsible for ensuring satisfaction of eligibility requirements set forth in IRC sec 223. and U.S. Trust Company of Delaware. Some articles, videos and calculators may have been written and produced by third parties not affiliated with Bank of America or any of its affiliates. Wireless carrier fees may apply. The programs are sponsored and maintained solely by the employer offering the plan, or by an individual establishing an independent plan. How much can I contribute to a Health FSA?

Your User ID or Password was changed, which turned off Windows Hello. The CIO, which provides investment strategies, due diligence, portfolio construction guidance and wealth management solutions for GWIM clients, is part of the Investment Solutions Group (ISG) of GWIM. Cold calling and lead follow-up is best left to the sales team! We sent an email with the download link to, We sent a text message with the download link to, Stay flexible with Bank ofAmerica Advantage Banking, Convenient checking solutions to fit your unique business needs, Find the perfect credit card from among our most popular options. This material should be regarded as general information on health care considerations and is not intended to provide specific health care advice. Credit and collateral are subject to approval. Investments in mutual funds are held in an omnibus account at MLPF&S in the name of Bank of America, N.A., for the benefit of all HSA account owners. These ads are based on your specific account relationships with us. Learn more about mobile banking options and supported devices, My Rewards | All your rewards in one place, Get step-by-step guidance for every stage of life, Find your closest financial center or ATM, Are Not Insured by Any Federal Government Agency, Are Not a Condition to Any Banking Service or Activity, Snap a photo to deposit a check, and get instant confirmation, Use your fingerprint or Face ID for quicker access on the go. You're continuing to another website that Bank of America doesn't own Recommendations as to HSA investment menu options are provided to Bank of America, N.A.

Bank of America does not sponsor or maintain the Flexible Spending Accounts (FSA) / Health Reimbursement Accounts (HRA) that you establish. Keep these benefits in mind when deciding if you want to set up and use a health savings account (HSA).

Mutual Fund investment offerings for the Bank of America HSA are made available by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of Bank of America Corporation (BofA Corp.). They are intended to provide a comparative tool for various consumer health care options and potential costs and savings of those options. You can download the MyHealth BofA mobile app1 Meet your VA before deciding to work together so you get the perfect match of skills and style.. Realign your budget. If you opt out, though, you may still receive generic advertising. Please consult with qualified professionals to discuss your situation. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Receipt Organizer } or operate. You may be able to claim a tax deduction for contributions you, or someone other tahn your employer, make to your HSA. This could include, but its not limited to email management, content creation, bookkeeping, graphic design, social media, and more! The programs are sponsored and maintained solely by the employer offering the plan, or by an individual establishing an independent plan. This list is not exhaustive. Please consult with your own attorney or tax advisor to understand the tax and legal consequences of establishing and maintaining a HSA, FSA, Dependent Care FSA, and/or HRA plan. The programs are sponsored and maintained solely by the employer offering the plan, or by an individual establishing an independent plan. The HSA for Life is intended to qualify as a Health Savings Account (HSA) as set forth in Internal Revenue Code section 223. An User ID was cleared, which turned off Windows Hello. If you prefer that we do not use this information, you may opt out of online behavioral advertising. Your Log In using Windows Hello wasn't successful. All rights reserved. There is no time limit on when to spend your HSA funds. 4This HSA debit card program is issued by Bank of America, N.A. An HSA gives you more control over your health care spending. Bank of America, N.A. This is not a commitment to lend. about saving a paper receipt and youll Your health care is directly tied to living financially well especially as we live longer. occur during a particular year. Neither Bank of America nor any of its affiliates or employees provide legal, tax or accounting advice.

In addition, an employer making contributions to the If you have questions regarding your particular health care situation, please contact your health care, legal or tax advisor. Mobile app not available on all devices. Mutual Fund investment offerings for the Bank of America HSA are made available by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of Bank of America Corporation (BofA Corp.). Its owner is solely responsible for the website's document.write("Exp - ");

Its where many of your potential customers are going to notice and engage with you. All rights reserved. We recommend that applicants and employers contact qualified tax or legal counsel before establishing a HSA. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Its that easy. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. If you have questions regarding your particular health care situation, please contact your health care, legal or tax advisor. Please check your employers plan description or consult with your tax advisor for more information on eligible expenses. About Triple Tax Advantages: You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish the HSA. This information may be used to deliver advertising on our Sites and offline (for example, by email) that's customized to meet specific interests you may have. 4717989 Exp-04/28/2024(global footer) 4800307 The MyHealth mobile app makes it easy to do things like view balances, upload receipts, file a claim, check the status of your payments and so much more. Social media is a very important weapon in your marketing plan. The CIO, which provides investment strategies, due diligence, portfolio construction guidance and wealth management solutions for GWIM clients, is part of the Investment Solutions Group (ISG) of GWIM. Also, if you opt out of online behavioral advertising, you may still see ads when you log in to your account, for example through Online Banking or MyMerrill. The planning tools and information calculators are illustrative only, and accuracy is not guaranteed. The planning tools and information calculators are illustrative only, and accuracy is not guaranteed. Then when you Mutual Fund investment offerings for the Bank of America HSA are made available by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of Bank of America Corporation (BofA Corp.). The planning tools and information calculators are illustrative only, and accuracy is not guaranteed. If you prefer that we do not use this information, you may opt out of online behavioral advertising. HSA of an ineligible individual may also be subject to tax consequences. Verify your identity in the app now to Log In to Online Banking. Introducing BankofAmerica LifePlanan easy way to set and track short- and longterm financial goals, get personalized advice when you need it most and more. Better Money Habits is here to help with your decisions along the way. Bank of America recommends you contact qualified tax or legal counsel before establishing an HSA. have all of your health-related expenses Relationship-based ads and online behavioral advertising help us do that. Please consult with qualified professionals to discuss your situation. Bank of America recommends you contact qualified tax or legal counsel before establishing an HSA. You can check the balance or recent activity in your investment account, see a summary of your fund performance, update your cash threshold, make changes to your portfolio and more. We sent a notification to your registered device. Please consult with your own attorney or tax advisor to understand the tax and legal consequences of establishing and maintaining a HSA, FSA, Dependent Care FSA, and/or HRA plan. However, the account beneficiary establishing the HSA is solely responsible for ensuring satisfaction of eligibility requirements set forth in IRC sec 223. Please enter a valid 10-digit phone number. You're continuing to another website that Bank of America doesn't own You should consult your legal and/or tax advisors before making any financial decisions. A Health Savings Account (HSA) is a tax-advantaged personal savings account that helps those with HDHP (High Deductible Health Plan) save money on many out-of-pocket makes available The HSA for Life Health Savings Account as a We strive to provide you with information about products and services you might find interesting and useful. MLPF&S makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation.Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation. This site may contain links to third-party content, which may be articles, videos, or calculators, regarding health plans only as a convenience. Please consult with qualified professionals to discuss your situation. 4717989 Exp-04/28/2024(global footer). tasks pursuant to an agreement with, and at the direction of, the sponsoring employer or individual under an independent plan.

Bank of America recommends you contact qualified tax or legal counsel before establishing an HSA. website's posted privacy policy and terms of use. You can contribute funds into an HSA on a pre-tax basis to save for current and future medical expenses, putting you in charge of how you spend your health Bank of America, N.A., Member FDIC. And with the convenience of facial recognition or fingerprint login accessing your account has never been easier. About Triple Tax Advantages: You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish the HSA. 05/01/2024, var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. attach the image you need right from Any interest or earnings on the assets in the account are tax free. Relationship-based ads and online behavioral advertising help us do that. This information may be used to deliver advertising on our Sites and offline (for example, by email) that's customized to meet specific interests you may have. by the Chief Investment Office (CIO), Global Wealth & Investment Management (GWIM), a division of BofA Corp. If you receive distributions for other reasons, the amount you withdraw will be subject to income tax and may be subject to an additional 20% tax. If you prefer that we do not use this information, you may opt out of online behavioral advertising. If an individual/employee establishes a HSA and s/he is not otherwise eligible, s/he will be subject to adverse tax consequences. Low rates on purchase and lease buyout loans, Reinventing what it means to be a confident investor, Take advantage of flexible, easy-to-use tools with Merrill Edge Self-Directed Investing, Investmentprofessionalsdesignandmanageaportfolio alignedtoyourgoalswithMerrillGuidedInvesting, Getoneononeguidanceanddevelopacomprehensive strategywithMerrillLynchWealthManagement, Videos and tips to better manage your financial life. These ads are based on your specific account relationships with us. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. What expenses are eligible for reimbursement with a Health FSA? if(document.getElementsByClassName('arNo')[0].innerHTML != ""){ In addition, an employer making contributions to the Use your HSA to pay for doctor visits, trips to the pharmacy or even for qualified health care purchases when shopping online. if(document.getElementsByClassName('arNo')[0].innerHTML != ""){ custodian only. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs. Check out these videos, articles and more. Bank of America, N.A., Member FDIC. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. This means you will offer clients services on a day-to-day basis, as a contractor or self-employed. explanation of benefits documents just