Health Savings and Benefit Accounts
Through Health Account Services we offer a variety of Consumer Directed Health (CDH) benefit account solutions
If your employer offers an HSA from First American Bank, please follow the enrollment instructions they provided.
Consumer Portal: Login (opens in a new tab)
Check balances, make a contribution or distribution, manage investment options, and access your benefit accounts with the Consumer Portal and FAB Health mobile app.
Our CDH benefit account solutions will maximize your healthcare purchasing power and savings potential
Given the high cost of healthcare, many people with consumer driven health insurance plans establish pre-tax benefit accounts as part of their employer’s benefit package. These benefit accounts will provide you with control, tax savings, and flexibility as a wealth-building tool.
First American Bank Health Account Services offers a suite of Consumer Directed Health Benefit Accounts with enhanced technology and capabilities.
- Health Savings Account (HSA)
- Healthcare Flexible Spending Account (FSA)
- Healthcare Limited Purpose Flexible Spending Account (LPFSA)
- Dependent Care Flexible Spending Account (DCFSA)
- Health Reimbursement Account (HRA)
- Qualified Transportation Account (QTA)
Customer Support
Call our Health Account Consumer Services team at (866) 449-1150, Monday - Friday from 7:00 a.m. - 7:00 p.m. CT, excluding holidays.
Employers
For information on offering tax-advantaged benefits accounts to your employees, call us at (847) 586-2239 to speak with a Health Account Services sales specialist or email HASsales@firstambank.com.
| Feature | Description |
|---|---|
| Easy way to pay | The Health Account Services prepaid Mastercard® debit card comes with the added security of chip technology. Use your Health Account Services prepaid debit card to pay for doctor visits, trips to the pharmacy or for qualified healthcare expenses when shopping online. For a list of qualified medical expenses, visit IRS Publication 502. |
| Investment options | Make the most of your account over the long term by investing in a select menu of low cost, competitive mutual funds. How it works: Once you reach the target cash balance of $1,000 in the checking account portion of your HSA, you can then perform an account sweep and move any additional funds into an array of investment options made available to you. |
| Consumer Portal | 24/7 online account access makes it easy to submit claims, access HSA investment details, view account summary reports and tax documents, and monitor your accounts. |
| Virtual organization | Consolidate all out-of-pocket expenses that are available via online or mobile expense/receipt “virtual shoebox” entries, view claims that have been filed, and debit card transactions and distributions initiated through the Consumer Portal attributable to qualified health expenses. |
| Mobile App | Submit claims, view HSA investment details, use the Eligible Expense Scanner to scan a product barcode to determine if the purchase is a qualified medical expense, check your balances and monitor your account all from your iOS (iPhone, iPod Touch, iPad), or Android-powered devices. Download the FAB Health mobile app from the Apple App Store or Google Play today. |
| Help when you need it | Our dedicated Health Account Consumer Services team is available to assist you with any questions. Call us at (866) 449-1150 Monday – Friday from 7:00 a.m. – 7:00 p.m. CT, excluding holidays. |
Health Account Services
- Open your account with as little as $0
- HSA investment options1
- Free eStatements
- Earns competitive interest rates
- FDIC insured checking account
As a preferred CDH benefit account provider, we help employers and employees through our enrollment assistance, educational materials and more.
Disclosures
1A custodial management fee applies to investments. Funds in the investment portion of an HSA are Not FDIC Insured, May Lose Value, and are Not Bank Guaranteed.
