Tools and Support
Everything you need to manage your Health Savings and Benefit accounts
If your employer offers an HSA from First American Bank, please follow the enrollment instructions they provided.
Consumer Portal: Login (opens in a new tab)
Check balances, make a contribution or distribution, manage investment options, and access your benefit accounts with the Consumer Portal and FAB Health mobile app.
Guiding you from account opening through ongoing management
Frequently Asked Questions
Educational Videos
- Is a CDH Plan Right for Me Video https://vimeo.com/443152100
- What Is a FSA and How Does It Work Video https://vimeo.com/443153017
- Dependent Care FSA Overview Video https://vimeo.com/443370785
- QSE-HRA Overview Video https://vimeo.com/443372240
- Commuter Benefits Overview Video https://vimeo.com/443368985
Qualified Medical Expenses
- Please refer to IRS Publication 502
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Female voice-over: In a perfect world, medical expenses would always be affordable, but in reality, they cost a bundle.
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Female voice-over: Consumer driven health plans help you save money while paying for uncovered medical expenses with tax-sheltered funds, and because CDHPs cost less than traditional plans, previously uninsured people can finally afford the coverage they want.
There is a plan that fits you perfectly.
From HSAs and high deductible health plans to HRAs and flexible spending accounts, consumer driven health plans put you in charge of your health care.
You decide what procedures, services or medications your funds are used for, and you can start small; there is no minimum contribution.
While we fully manage your employer's CDPH, we also make these plans manageable for you.
Online enrollment is easy.
Our prepay debit card accesses all your tax-free benefits, and our mobile app makes submitting claims and checking balances a breeze, so if your employer doesn't provide a CDHP, take charge; encourage your employer to contact us today.
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Female voice-over: Having a solid Health Care Plan to fall back on is reassuring, but when expenses that aren't covered by your health plan add up quickly, it knocks your comfort level down a few notches.
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Female voice-over: With a flexible spending account, out-of-pocket health care expenses are covered with pretax dollars.
That means that what you contribute to your FSA is reduced from your taxable income, giving you a significant tax break, and an FSA doesn't just cover out of pocket health care expenses, either.
You can put money aside for daycare expenses with a dependent care FSA, so you are covered on all angles beyond health care, and because it is all with pretax dollars, you're saving yourself a pretty penny.
With an FSA, your funds are available 24/7, giving you the luxury of accessing your account information, transactions, and contributions online, with our Mobile App or with your pre-paid benefits card. For more information on signing up for your Flexible Spending Account, contact your HR provider today.
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Female voice-over: It's true raising a child is expensive; in fact, statistics show that it takes more than $250,000 to do so, and that number—a quarter of a million dollars—covers costs from birth through age 18 and doesn't even include college expenses.
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Female voice-over: Outside of secondary education, the top three costs are housing, food and childcare, with childcare averaging more than $37,000 per child.
More than $37,000.
Wouldn't it be great if there was an easy way to save on childcare expenses?
There is!
By taking advantage of a dependent care flexible spending account, you can set aside $5,000 per year per household to use on qualified expenses such as daycare or day camps.
A DCA is a pre-tax account, which means that the money is taken out of your paycheck before taxes and that means savings for you.
Talk to your HR representative to find out if you qualify for a dependent care flexible spending account and start saving today.
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Male voice-over: We all know attracting and keeping top talent today can be a challenge.
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Male voice-over: You want to stay competitive, but offering traditional benefits like healthcare can be a budget-buster; but there is good news for employers with fewer than 50 employees.
It's called the Qualified Small Employer Health Reimbursement Arrangement.
The QSE-HRA can help you keep an eye on costs and a leg up on the competition.
A QSE-HRA is designed to help assist employees with insurance premiums, and in some cases, other medical expenses.
How does it work?
Employers set an amount for employee reimbursement that falls within the legal limits.
Employees receive a monthly amount eligible for reimbursement.
Employees submit an invoice each month and collect reimbursement (or set up a recurring claim).
Why choose QSE-HRA?
It's great for the employer.
You choose the amount you can afford, and we do the rest.
Yes, it is that simple.
It's great for your employees.
Out-of-pocket costs are reduced, and it also allows them to choose the health plan that is right for them.
It's great for the business.
Offering a QSR-HRA can help attract and retain employees.
To learn more, just give us a call!
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Male voice-over: Commuting shouldn't pinch your wallet. Reduce your travel and parking expense by enrolling in commuter benefits. Each pay period an amount you choose is set aside before taxes are paid and loaded to your account.
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Male voice-over: Making payments is easy with your prepay benefits card.
The card is linked to your account so when you pay for transit passes, vanpooling, parking, and other related expenses all you need to do is swipe.
If there isn't enough money in your account, no problem; you can pay the extra using any payment method you like, and you can change your election amount at any time during the plan year.
Any unused balances at the end of the year can be carried over to the next plan year.
Best of all the money spent is tax-free, so you save hundreds each year.
Today's commuting options makes life easier.
Now paying for it can be easy, too.
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Limits
|
Single
|
Family
|
|---|---|---|
| Minimum Deductible | 2024: $1,600 2025: $1,650 |
2024: $3,200 2025: $3,300 |
| Maximum Out-of-Pocket | 2024: $8,050 2025: $8,300 |
2024: $16,100 2025: $16,600 |
| Contribution Limit | 2024: $4,150 2025: $4,300 |
2024: $8,300 2025: $8,550 |
| Catch-up Contribution (55 or older) | 2024/25: $1,000 | 2024/25: $1,000 |
HSAs provide triple-tax advantages: contributions, investment earnings, and qualified distributions all are exempt from federal income tax, FICA (Social Security and Medicare) tax and state income taxes (for most states).
Unused HSA dollars roll over from year-to-year, making HSAs a convenient and easy way to save and invest for future medical expenses. You own your HSA at all times and can take it with you when you change medical plans, change jobs or retire.
Funds in the account not needed for near-term expenses may be able to be invested, providing the opportunity for funds to grow. Refer to the Consumer Portal to find out your investment options.
To be eligible to set up an HSA and to make contributions, you must be covered by a qualified high-deductible health plan, or HDHP.
- To be eligible to contribute to an HSA, you must be covered by a qualified HDHP and have no other first dollar coverage (insurance that provides payment for the full loss up to the insured amount with no deductibles).
- You may use your HSA to help pay for medical expenses covered under a HDHP, as well as for other common qualified medical expenses.
- Unused HSA funds remain in your account for later, and may be able to be invested in a choice of investment options, providing the opportunity for funds to grow.
The insurance company pays covered medical expenses above your deductible, except for any coinsurance; you can pay coinsurance costs with tax-free money from your HSA. In addition, you can use your HSA tax-free dollars to pay for qualified medical expenses not covered by the HDHP, such as dental, vision and alternative medicines.
Contributions
Tax-free contributions to your HSA can be made in a variety of ways, including:
- Pre-tax payroll contributions, if available through your employer.
- Online transfers — transfer funds directly to your HSA from your linked personal savings or checking account
- Send a check to First American Bank Health Account Services for deposit into your HSA.
- Rolling over or making a transfer from an existing IRA (Individual Retirement Account) to an HSA, but only once in your lifetime.
Distributions from your HSA are used to pay for qualified medical expenses. This can be done by the following methods:
- Paying for purchases and medical services using your First American Bank Health Account Services prepaid Mastercard® debit card.
- Using online bill pay through your online Consumer Portal.
- Requesting self-reimbursement through the Consumer Portal when you have already paid out-of-pocket for qualified expenses.
- Paying with an HSA check (fees may apply).
Your HSA allows you to save pre-tax income that you can use to pay for qualified short- and long-term medical expenses. It complements your HDHP, giving you an additional method to save specifically for healthcare costs.
- HSA accountholders can choose to save up to $4,150 ($4,300 in 2025) for an individual and $8,300 ($8,550 in 2025) for a family (HSA holders 55 and older get to save an extra $1,000 - and these contributions are 100% tax deductible from gross income.
- Minimum annual deductibles are $1,600 ($1,650 in 2025) for self-only coverage or $3,200 ($3,300 in 2025) for family coverage.
If you use your funds for qualified medical expenses, the distributions from your account remain tax-free. If you use the monies for non-qualified expenses, the distribution becomes taxable, but exempt from the 20 percent penalty. With enrollment in Medicare, you are no longer eligible to contribute to your HSA. If you reach age 65 or become disabled, you may still contribute to your HSA if you have not enrolled in Medicare.
