Choosing an HSA Plan

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This page covers HSA plan information

Overview

Choosing a health savings account (HSA) is an important step in managing your current and future health care expenses. This unique, tax-advantaged account gives you the flexibility, security and control necessary to meet changing health care needs.

Choosing Further as your HSA administrator is equally important because with Further you get the benefit of our innovative account options, online management tools and industry expertise — topped off with no hidden fees.

Which will you choose?

Further Premium HSA
Highest interest rate available with an investment option.

Further Value HSA
Low fee account with an investment option.

Further Select HSA
FDIC insured account with an investment option.

No Hidden Fees

While other HSA administrators have complex fee structures, Further does not charge for the following:

Account opening or closing fees: $0
Debit cards: $0
Replacement debit cards: $0
Over contribution fee: $0
Contribution return fee: $0
Stopping payment fee: $0

Account Credit Rates

As you compare HSA programs, be sure to ask how interest is calculated. Further keeps it simple so you earn the stated rate on the entire account balance. Some banks pay interest based on the balance and rate in each balance tier.

Interest rates and balance tiers are subject to change without notice.

	Base Balance
Plan Type	$0-$2,499	$2,500-$9,999	$10,000-$14,999	$15,000-$24,999	$25,000+
Further Premium HSA	0.35%	0.45%	0.50%	0.60%	0.70%
Further Value HSA	0.05%	0.10%	0.10%	0.15%	0.20%
Further Select HSA*	0.05%	0.07%	0.07%	0.10%	0.10%
BasicSaver**	0.15%	0.15%	0.20%	0.30%	0.45%
FreeSaver**	0%	0%	0%	0%	0%

Interest rates effective as of June 1, 2020.

*The Further Select HSA is FDIC insured.

**BasicSaver and FreeSaver are legacy products that were discontinued as of 1/1/19; we continue to support any members who have these plans.

Investment Account Options

Account type	Available funds	Annual account service fees*
Base Balance	Funds in the Base Balance earn interest at rates set by Further. Members may leave all funds in the base account.	Annual fees vary
Basic Investment Account	When a member's Base Balance exceeds $1,000, you have the option to invest the amount over this threshold in a variety of pre-selected mutual funds.	An additional $18.00 per year**; this fee is paid out of the Basic Investment Account
Health Savings Brokerage Account	When a member's Basic Investment Account exceeds $10,000, you have the option to allocate all investment dollars in a wider range of mutual funds as well as stocks, bonds and other investments.	An additional $18.00 per year**; this fee is paid out of the Health Savings Brokerage Account.

*These fees are in addition to any HSA account administrative fees that Further may charge.
**The annual fee is not cumulative. Members with both types of investment account will only pay one $18 fee per year.

The FreeSaver HSA plan type does not allow for investment options.