GM benefits bank of America

Hii sir, I wants to get the information about the Health Saving Account of the Bank of America will you please provide me Benefits of the Health Saving Account of the Bank of America ?

[Shaleen]

Bank of America is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second largest bank holding company in the United States by assets.

About the Health saving Account : Health Savings Account (HSA) is a type of personal savings account that helps those with qualified high-deductible health plans (HDHPs)


Benefits of the Health Saving Account :

Pretax contributions: Contributions to your HSA can be made with pretax dollars which means every dollar you contribute is a dollar saved (your employer may offer a payroll deduction Footnote 3 option to help you make contributions on a pretax basis)

Tax-free gains: Any gains on the money in your HSA are tax-free so you keep 100% of any money your HSA savings or investments earn, boosting the amount of money you have to cover your out-of-pocket medical costs.

Tax-free withdrawals: You won't pay taxes on money you withdraw for qualified medical expenses


for more details you may contact to the Bank of America the contact details are given below :

Customer service: 00 1 315-724-4022