Choosing an HSA Plan
Overview
Choosing a health savings account (HSA) is an important step in managing your current and future health care expenses. This unique, tax-advantaged account gives you the flexibility, security and control necessary to meet changing health care needs.
Which will you choose?
CareFirst Value HSA
Low fee account with an investment option.
CareFirst Select HSA
FDIC insured account with an investment option.
No Hidden Fees
While other HSA administrators have complex fee structures, CareFirst does not charge for the following:
- Account opening or closing fees: $0
- Debit cards: $0
- Replacement debit cards: $0
- Over contribution fee: $0
- Contribution return fee: $0
- Stopping payment fee: $0
Account Credit Rates
As you compare HSA programs, be sure to ask how interest is calculated. CareFirst keeps it simple so you earn the stated rate on the entire account balance. Some banks pay interest based on the balance and rate in each balance tier.
Interest rates and balance tiers are subject to change without notice.