HF

HSA Fees

24HourFlex Health Savings Account (HSA) Fee Schedule

Effective as of September 1, 2014

24HourFlex wants you to understand the fees associated with your Health Savings Account (HSA). Most of these fees can be avoided by utilizing the consumer portal and signing up for direct deposit.

 

Fee Description Fee Amount How to Avoid this Fee
Monthly Paper Account Statement $2.50 / month Utilize free statements online through your consumer portal.
Manual Distribution (check) $5.00 Use online distributions for free, through the consumer portal , to access your funds.
Distribution via check $5.00 Sign up for direct deposit through the consumer portal to receive distributions for free.
Duplicate Copy of Tax Document $5.00 View or print copies of your tax documents through your consumer portal.
Account Closure $15.00 You may keep your HSA account open with 24HourFlex to use for medical expenses even after leaving your current employer.
Stop Payment on Check $25.00 You will only incur this fee if you request 24HourFlex to stop payment on a check or an electronic payment issued to you.
Non-Sufficient Funds (NSF) $25.00 Check your available account balance online before you withdraw funds.
Excess Contribution Correction $25.00 Do not contribute no more than the annual IRS limits for individual or family coverage.
Transaction Correction $25.00 This fee is charged if you request any of these items; a change to the contribution type (Pre or Post tax or Employer), a tax year correction and/or change in dollar amount of a processed contribution and/or distribution. Any related IRS filing amendments as a result of this change are included in this fee charge.
Terminated Employee Monthly Account Maintenance $2.50 / month This fee only applies to employees who terminate employment and choose to keep their HSA account open with 24HourFlex

 

Other Helpful Topics:  How to Find HSA Tax Statements, How to Make HSA Transactions,  HSA Fees