Health Saving Accounts - Health Savings Accounts Administrators

Here is a list of stand-alone HSA and often HSA administrators. Make sure to contact them directly to verify fees and availability. The two that we have received the best feedback on are FirstMSA and MSABank.

Name, Address, Phone Set-up fees Admin. fees Accountholder Options
Choice Investments Inc
Rocklin, Indiana
jerrym-HSA@choiceinv.com
$36 1% of account value or
min of $36.00 per year.
Access to investment securities with
min of $250.00. Member of NASD
and SIPC. Checks available in
Brokerage HSA Account.
First MSA
www.firstmsa.com
$25 $5.00/mo. access to investment services after $1,000 in account; 2-5% interest on money in account per schedule; FDIC insured
MSA Bank
application
account info
www.msabank.com
$18 $1.75 month if under $3000 balance debit card and checks; FDIC insured; money market interest or option for brokerage account
American Health Resources *

PO Box 8847
Metaire, LA 70011-8847
800-570-3757

$15 $4.50/mo. Can deposit in either "money market-type funds or securities".

Can "self-direct" investments. AHR

Can pay provider or reimburse accountholders.

American Health Value

PO Box 8063
Boise, ID 83707-2063
800-914-3248

$25 indiv. or
$30 joint
$3/$4.50/or $8.50

per mo. depending on plan chosen

Visa Debit Card and checks. Can select money market or Delaware Funds (min. balance = $1250)

RX card, nurse line, & Dr/Hosp.

Discount plans available.

Benefit Administrators

1009 Oak Hill Rd, 3rd Floor
Lafayette, CA 94549
888-MSA-1997

$25/Gateway

Bank or $35/Wells Fargo Bank

<$3/mo. (Gateway) or $2/mo. (Wells Will process reimbursement requests or provide checks [disbursement fees = $5 (Gateway) or $10 (Wells Fargo)].

Custodial Fee (Wells Fargo)

$39/yr. Min. account balance for investments = $2500 (avail. thru Wells Fargo only)]

CMS Administrators

576 B Street
Santa Rosa, CA 95401
800-443-2904

$10 per employee Varies by size of

account

Works only with non-tax-qualified

Lake Forest Funds

270 E. Westminster Rd, 3rdFlr Lake Forest, IL 60045-1899
888-295-5707

No set-up fee No Admin. Fee

Ann. Custodial fee $15

Acct. liquidation fee = $15

Minimum account balance = $1000
MECA

PO Box 17190
Indianapolis, IN 46217
800-875-6322

$50 $3/mo.

Renewal fee for groups of 2-9 =

$30

Investments in mutual funds from first dollar (Annual fee of $24 for access to focus fund group.)
Medical Savings Accounts/Utah

1341 S. State St, 310A
Salt Lake City, UT 84115

888-201-3381

No set-up fee $5/mo. Money market bank accounts only
Medical Savings of America

960 Broadway St, 505
Boise, ID 83706

800-853-7321

$12 $2/mo. Visa debit card or checks.
MediSmart

1501 WestCliff Drive, 310
Newport Beach, CA 92660

888-633-4762

Medical Retirement

Accounts (MRA)

$500 set-up fee

Medical Retirement

Account (MRA) Only

$25/mo/
employee

Refers all MSA account requests to American Health Value, MSAver Resources or Merrill Lynch. Pays %Of fees on the MRA to brokers.
MSAver Resources, Inc.

7400 W. 110th St., 520
Overland Park, KS 66210-2346

888-327-9672

Fees presently being restructured.

Please call

Fees presently being restructured.

Please call

Options being expanded. Please call.
Prime Health

4640 W. 77th St., 214
Edina, MN 55435

612-844-0977

$25 per person $5/mo. Per person

$50 or 10%

termination fee.

Money market only. Will reimburse either provider or accountholder.
SSgA Funds

Po Box 8317
Boston, MA 02266-8317
800-997-7327

No set-up fee No admin. Fees.

Annual maintenance fee= $75. Check writing privileges @ $10/checkbook

15 different funds available with a minimum investment of $250 per fund. Automatic investments and telephone exchanges allowed.
State Bank of Howards Grove

211 N. Wisconsin Drive
Howards Grove, WI 53083

920-565-3351

$12 for bank account none for mutual fund account $1/mo. (bank acct) $1.75/mo. (brokerage account) May choose bank money market acct. or from 3000 mutual funds. (Trading fees start at $14.95 per trade) Minimum initial deposit of $100
Trident National Corporation

3500 Grove Ave.
Richmond, VA

804-354-0697

$15 $30 indiv./$60 fam./ year

<1.1% x Balance

May choose from 6 no-load mutual funds or money market

email us here with your questions
or call: 866/486-6551