Health Savings Account Rules

 



Mellon HSA Fees & Information

In 2004, Affiliated Computer Services ( a Xerox Company) and The Bank Of NY Mellon partnered to form The HSA Solution.  It has now grown to be one of the #1 HSA Administrator in the U.S. based on the number of customer Health Savings Accounts.

 

HSA Interest Rate
(APY)

0.25%  - Rate as of 2/2010 - Subject to change

FDIC Insured 
(Funds in Interest-bearing Account)
Yes
Securities Investment Options
(Brokerage Account)
Options: Choose from a wide range of no-load mutual funds.
Threshold: Invest in mutual funds when your cash balance reaches $2,000. Once the investment account is opened, no minimum amount required.
Fees
Set Up Fee: $15
Monthly Maintenance Fee: $3.50 (under $1000 balance)
Closing Fee: $0
Investment Account Fee: $2.90 monthly
Investment Transaction: $0.00
Checks: $5 per checkbook
Debit Cards: Replacement Cards: $5 for each additional card; no charge for first two debit cards.
 Copy of Statement or Check $5
 Account Rollover Fee: $25
 Returned Check Fee $25
 Stop Payment Fee $25
Other Fees: See fee schedule in enrollment documents
Auto Reimbursement Use your debit card for reimbursement at the ATM or create a bank transfer from your HSA.
Balance Requirements $20 account opening minimum
Statements/Reporting Monthly online statements (optional paper statements for a fee). Investment account quarterly statements. Tax reporting statements send annually.


This information is for illustration purposes only and was valid as of 2/18/2010.  Please contact the HSA Solution plan administrator directly for current details as they do change frequently.