Offer HSAs as a benefit option to your valued employees.Email Us to Get Started Today
Want to do something about rising healthcare costs? Your employees are eager for new options.
Choice Financial offers a better way. When combined with a High Deductible Health Plan (HDHP), a Choice HSA is an attractive option for your employees and your business. We have HSA account holders in all 50 states, and we’ve offered them for nearly 10 years.
Rest easy: you can take control of this important employee benefit. (They’ll even look forward to the enrollment process.)
How HSAs Work
Your employees establish an HSA to pay for eligible medical expenses not covered by their High Deductible Health Plan (HDHP):
Contributions can be made by the employers, employee, or any third party on behalf of the account holder.
Contribution maximums are set by the IRS each year and are not limited by your health plan’s deductible amount.
Catch-up contributions are available to an individual and their spouse who have reached the age of 55 and are not enrolled in Medicare.
Choice HSA Benefits
Besides the benefits outlined above, a Choice HSA offers competitive product features, benefits and rates. Regardless of their balance, employees receive:
Our Competitive Rates
$0-2,499 = 0.05% APY1
$2,500-4,999 = 0.15% APY1
$5,000-14,999 = 0.30% APY1
$15,000+ = 0.55% APY1
$0-$999 = $25
$1,000-1,499 = $15
$1,500+ = $0
If employees have $3,000 or more in their HSA, they’re able to work with our partner, Devenir (a leader in healthcare investments), to find investment solutions for their HSA funds.5
Contact our HSA Helpline at (866) 702-9033 or
1Annual Percentage Yield. Rate effective 1/11/12. Interest is compounded and credited monthly. 2Interest begins to accrue no later than the business day we receive credit for the deposit on non-cash items (for example: checks). Rates subject to change at any time. 3Fee may be assessed by your Mobile Service Provider. 4If account is closed within 12 months of opening, a $25 fee will be incurred. The annual fee is based on the year-end ledger balance of December 31 of every year, and is charged on January 1 of the following year.
5Investment Products are: NOT A DEPOSIT * NOT FDIC INSURED * NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY * NOT GUARANTEED BY THE BANK * MAY GO DOWN IN VALUE
Contributing to Your Accounts
Contributions to your employees’ Health Savings Accounts can be made in several ways, including:
Contribute to your employees’ HSAs through an employer sponsored plan such as a Section 125 Cafeteria Plan.
Contribute to your employees’ HSAs using Easy Choice ACH. Complete the Easy Choice ACH worksheet and forward to firstname.lastname@example.org.
Check or Money Order
Contributions can be made to HSAs by sending Choice Financial a check or money order. To ensure timely and accurate processing, please include a completed Employee Contribution Spreadsheet.
|Name:||Choice Financial Group|
|Account #:||Your HSA Account Number|
|Credit:||Customer Name and Account Number|
|Wire Cut-off Time:||2:30PM Central Time|
|Wire Fee for Incoming:||$15|
|Wire Fee for Outgoing:||$20|
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Monday – Friday
4501 23rd Avenue South
Fargo, ND 58104