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Employers

If you're an employer considering offering Health Savings Accounts...

First American Bank's Health Savings Account team is here to help.  We have a comprehensive employee support program to assist you in setting up your employees for this product.

Here are the ways we make it easy to offer an HSA alternative to your employees:

1. We make it easy to enroll your employees.

Regardless of your location or company size, our website and dedicated support staff will make the process of enrollment a smooth one.

  • Informative Online FAQs available at www.irs.gov
  • Educational materials
  • Enrollment checklist
  • Online application - also by mail or fax
  • Toll Free Support - call (866) 449-1150 or locally (847) 952-3700 (option 2, then 4)

Plus, if you're located in the Chicago area, our team will make an onsite presentation, sharing all of the advantages and details about HSAs. We'll distribute and collect completed applications, and assist with any questions.

2. We make it easy to switch from another bank or trustee.

Our online application contains all the information necessary to transfer or rollover funds from another Health Savings Account.

3. We make it easy to fund your employees Health Savings Account.

We have two options to fund your employees' accounts:

  • Electronic
    -ACH/Electronic Transfer - originated by your bank or direct deposit payroll system
    -Ca$hTrac – our online business banking solution
  • By Check*
    -*If you are funding your employees' accounts by check, you will need to either contact us for an Employer Contribution Form or download one here.

4. Additional Resources

  • For a complete list of HSA employee and employer forms, click here.

If you have additional questions, please contact us at HSA@firstambank.com or call our toll free HSA Help Line at (866) 449-1150 or locally (847) 952-3700 (option 2, then 4).

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