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How to Choose an HSA Administrator
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You have decided to jump on the consumer-driven healthcare bandwagon.  The choice was quite clear for you as you see the fantastic value in using tax-free dollars to pay for medical expenses for both yourself and your family.  It’s kind of a no-brainer.

What may not be so clear, is who to use as your HSA administrator.

You know you need to open an account, start making deposits and getting the maximum benefits out of your HSA .  You want to be able to trust that your account is being handled properly.  We can help make the choice crystal clear.

Consider the following:

How long has the company, bank, or credit union been handling HSAs? 

American Health Value has been taking care of health savings accounts and their owners since 1996.  We treat our members with respect and call many of them our friends.  Our custodian bank has assets in excess of $3 billion.  This means your money is safe.

How do I access my money?
 
If you are a member with us, your account is opened in your name and you can use a debit card or checks to make purchases.  Your funds are not mingled with other account holders and you have 100% percent control of your money at all times.  If you are looking at an administrator that also does FSAs and/or HRAs, your money may be pooled with other accounts.  Find out what provisions are made to ensure your money is available to you whenever you need it. 
 
With our online banking platform, you have 24/7 access that is simple and secure.  You can also make quick online transfers and deposits, and can take advantage of our free bill pay features!
 
Are my funds insured for my protection?
 
AHV members have the security of FDIC insurance up to the legal maximum.  Accounts are also covered by SIPC insurance.  As an added safety measure, American Health Value carries a separate professional liability policy.
 
What are others saying about the company and service?
 
Personal experience from others is the best indicator of what you can expect when dealing with an HSA Administrator.  Be sure to ask for testimonials!  We are endorsed by carriers, insurance agents, and account holders across the country, and prominently feature these testimonials on our website.
 
Can you talk with someone whenever you want?
 
Call the company you are considering and see if you can actually speak with a real person.  Is there an automated system or phone tree?  How many buttons do you have to push before you speak with someone?  Can they answer all your questions to your satisfaction?  Courteous, knowledgeable and friendly specialists are what you get when you call American Health Value.  Give us a call at 800-914-3248 and see what we mean!
American Health Value
You are someone who looks for value in everything you do, so don’t drop the ball now.  Get the best HSA Administrator out there, and give us a call at American Health Value.  We look forward to hearing from you!

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Posted by HSA Admin at 5/30/2013 11:28:00 PM
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