Bank of America offers a well-balanced HSA account that can seamlessly work alongside your other accounts if you use Bank of America for banking, loans, or other financial products. Bank of America’s large amount of financial services, its low fees, and terrific account options make it our best HSA account offered from a traditional bank.How to open a HSA?
To open a health savings account, you must be enrolled in an HSA-eligible High Deductible Health Plan (HDHP). You may be able to open an HSA with your HDHP insurance provider if they also offer HSAs. Individuals can open an HSA by researching and picking a plan provider. After that, you set up an account and begin making contributions.Who is eligible for HSA?
To qualify for an HSA, the taxpayer must be eligible, as per standards set out by the Internal Revenue Service (IRS). An eligible individual is one who has a qualified HDHP, has no other health coverage, is not enrolled in Medicare, and is not a dependent on someone else’s tax return.