Prescription Pricing Tool (Rxaminer)
Our prescription pricing tool Rxaminer allows account holders to compare the cost of their medications to other alternatives, compare side effects to other medications and to order their prescriptions on line at discounted prices. The member can print a comparison list of medications and provide it to their physician or provider to assist with medication selection based on quality, cost and side effects. Our clients can save thousands of
dollars every year using this easy to use tool.
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Medical Procedure Pricing Tool
First HSA offers a medical cost tool that can search over 5,000 procedures and office visits. The tool
provides average costs for medical services including procedures, surgeries, labs, x-rays and other diagnostic tests. Patients can obtain accurate estimates of the costs of healthcare services and use the information to
determine where and how they get the care they need.
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Personal Health Advocate
All First HSA accountholders have access to their own personal health advocate so there is no need to fear that your employees won’t be able to navigate the healthcare system with a consumer directed plan. Through a simple phone call, our clients have access to a 24 hour nursing hotline and access to health information on diseases and treatment options. Their personal advocate will inform them of options available for medical conditions such as cancer, diabetes, stroke and other illnesses. The advocate will assist with scheduling of appointments with specialists, transfer of medical records and even perform dispute resolution between the patient and their health plan. This benefit is for the accountholder, their spouse and all dependents.
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Debit Card
For your convenience and accessibility, First HSA provides a Free Visa Debit card. This card allows accountholders to pay for medical goods and services wherever Visa is accepted. Funds are directly withdrawn from the account for prompt and easy payment. There is no charge for the first card. If an additional card is requested, there is a $5.00 one-time fee. There is no restrictions placed on the usage of the card and funds may be accessed via any STAR ATM (see check card disclosure statement).
NOTE: Although, First HSA places no
restrictions on the usage of this card, the IRS assesses a 10% penalty for HSAs for non-qualified withdrawals. You may apply for your Visa Debit card by completing the Debit card application included in your "Welcome Kit.
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First HSA Checks
First HSA understands the importance of having immediate
access to your HSA funds. That is why we provide 7 convenience checks that are mailed to you as part of your "Welcome Kit." These checks will provide immediate access to your account for that unforeseen medical expense.
Many HSA plans provide medical services through Preferred Provider Organizations or PPOs. When receiving treatment through a PPO network, HSA accountholders most often are not required to pay anything at the time of service. Therefore, it is important to have access to your accounts via check writing services. In addition to the 7 convenience checks provided at enrollment, First HSA provides the first set of initial checks that are automatically mailed to you 3-4 weeks after enrollment. These checks and their usage are free to our accountholders.
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Contributions
For your convenience, First HSA provides several methods to make contributions to your HSA account. First HSA has no fees associated with any of our contribution methods.
1. Direct Deposit – This option allows accountholders to select the amount, the day of the withdrawal and the account they wish to withdrawal from. This option may be set up at anytime.
2. Contribution Coupons – Contribution Coupons are sent with every “Welcome Kit”. Use these coupons when mailing in a check for deposit to your HSA account. Contribution Coupons are free and can be reordered at anytime at no extra charge.
3. Employer contributions – Employers will determine the method of their contributions at enrollment time. The following options are available:
- Employer Contribution Worksheet – If an employer wishes to make contributions by mailing a check, they will be supplied with an Employer Contribution Worksheet. The worksheet will list all the employees participating in the plan and their contribution amount. The amounts will be totaled and one check will be mailed along with the worksheet.
- Direct Deposit – Employers may choose to have a pre-determined monthly amount withdrawn from their business checking account for each employee. This amount will be withdrawn on the day determined by the employer.
- Electronic Transfer (initiated by the employer) – An employer can choose to set up an Electronic Transfer from a business account. This option allows employers the freedom to make contributions when they want, for the amount they want and for the desired employees they want.
- Payroll Deduction- To set up payroll deduction, please contact First HSA.
4. HSAs allow both the employer and employee to contribute to the same account. In addition, HSAs may
be setup as part of a cafeteria plan. This allows employees to fund their HSA through a payroll deduction, excluding those funds from FICA and FUTA.
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Internet Access
Internet access to your HSA account is free.
Our exclusive internet platform is specifically designed for
your HSA account. You can obtain real-time account information concerning deposits, withdrawals, ATM and POS Intra-day activities.
You can view investment options, portfolio and transfer funds
all under a single log-on. Your internet access is also
interactive; input qualified and non-qualified expense.
Input detailed information concerning each transaction for IRS
audit purposes. To logon to your internet access simply go
to www.1hsa.com and click on
the Logon Menu (located in the upper right-hand corner) Click on
Internet/Investment Access and follow the instructions.
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24 Hour Bank by Phone
First HSA realizes the importance to have “real-time” access and knowledge of account balance and transaction information. Our Free 24-hour, 7 days a week, bank by phone service gives "real-time" information at the touch of a finger. Now you can access your information anywhere, anytime, at your convenience. Set up your secure password and let your fingers do the talking.
Steps to set up Bank by Phone:
1. Call toll free (800) 382-8128.
2. Request information on "Checking Account."
3. Enter your HSA checking account number.
4. First Time users will use the last four digits of the primary accountholders SS# as the original PIN number.
5. You will be asked to change this password to your own secure PIN number.
6. Enter your new 4-digit password.
7. You will then be prompted to either request balance or transaction information.
8. If you forget your password you must contact our customer service center at (888) 238-3330 to reset the system. This will take 24 hrs. to process.
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Fees & Interest Rates
*One-time Set-up Fee:
Individual- $15.00 per application
Group Size- 2 to 50: $15.00 per application
Group Size- 51 and up: no one-time set-up fee
*Set-up fee is waived for any transfers and rollovers.
Monthly Administrative Fee: $3.00 per month/E-Statement
*Paper Statements add $2.00 per month*
Opening Minimum Balance: $50.00 when contributing by check. No minimum balance is required when making a deposit through direct deposit or payroll deduction.
Are there any other charges?
Unlimited Check writing availability
Unlimited Checkcard usage
No Zero balance Fee
Flexible and unlimited contributions
Closing Fee - $20.00
Interest Rates for HSA
Range |
Rate |
Annual Percentage Yield (APY) |
$500.00 - $999.99 |
.25% |
.25% |
$1,000.00 - $4,999.99 |
0.747% |
0.75% |
$5,000.00 - $14,999.99
|
1.49% |
1.50% |
$15,000.00 - up |
2.47% |
2.50% |
