Visa HSA Card
Requirements for a Health Savings Account (HSA)
- Enrollment in a qualified High-Deductible Health Plan
- Not covered by other health insurance, including Medicare
Reasons to Get an HSA
- HSAs are owned by the individual consumer
- Funds are contributed on a pre-tax basis
- Unlike an FSA, the funds accumulate year after year
- HSA accounts earn interest—growing tax-free
- Withdrawals for qualified healthcare costs are tax-free
- HSA accounts are transferable between employers, like a 401k
It’s easy to start saving right away towards your healthcare costs. Consult and compare the providers below that offer Visa HSA cards to consumers and learn more about this beneficial program.
Visa HSA Card Providers
Contact any of these banks to find out more and apply for Visa HSA cards.
Bank of America
BB&T
First Horizon Msaver, Inc.
HSA Bank
JPMorgan Chase Bank, N.A.
M&I Bank
The Bancorp Bank
UMB Bank
US Bank
Wells Fargo Bank, NA
Visa HSA Card Details
The Visa HSA card makes it easy for you to access HSA funds in order to pay for eligible IRS-qualified healthcare and dental expenses such as co-payments, deductibles, and medications. Upon enrolling in an HSA plan through your employer or another organization authorized to offer HSAs, you receive an embossed Visa HSA card.
If you have authorized regular salary deductions through your employer’s cafeteria plan, then a predetermined amount (subject to IRS maximums) is deducted from your wages, pre-tax, and deposited to your HSA. Additional contributions by employers, if offered, can also be deposited directly into your HSA, on a pre-tax basis.
When you need to access your HSA funds, you present your Visa HSA card to the merchant, doctor, pharmacy, or other qualified healthcare service provider, and the funds are deducted directly from your HSA.
To explore the finer details of Visa HSA cards available, consult a Visa HSA provider (listed above), your HR department, or your employer. You can also read the Frequently Asked Questions.
