Insights

DISCLAIMER: This communication is not intended as legal or tax advice. The materials contain only a partial, general description of the benefits of Health Savings Accounts. Investments available to HSA holders are subject to risk, including the possible loss of the principal invested and are not federally-insured or guaranteed by Old National Bank. The information is believed to be accurate as of the production date; however, Federal and state laws and regulations are subject to change. Please contact a competent legal or tax professional for personal advice on eligibility, tax treatment and restrictions.

Video Transcript
Opening an HSA with The HSA Authority at Old National Bank is simple and fast. It only takes about five to ten minutes to open your HSA, and you can do it online from your computer, tablet or smartphone. 

To get started, you'll need a few things. First of all, you'll need an unexpired government issued ID for the account holder and for the authorized signer, if you elect one. This can be a driver's license, state issued ID, passport or military ID. You'll also need the dates of birth for your beneficiaries and the social security number and date of birth for the authorized signer, if you're adding one at this time. 

Once you have all of your information, just go to theHSAauthority.com and click on Open an HSA. If you're part of an employer group, select the option, if you have been instructed by your employer. Then, when prompted, enter your six digit employer code. If you don't know your employer code, you can check with your employer's human resources team. 

If you're not with an employer group, select All Others Click Here. Then click Continue and complete the enrollment by answering a few simple questions. Then click Submit, and you're good to go. Once the application is submitted, you'll receive a confirmation number and you'll receive a welcome letter in the mail within 10 business days of your application. You'll need to keep this letter with your records for future reference because it includes your account number and instructions for signing up for online banking and e-statements, along with other important information. 

If you've requested a debit card, it'll come in a separate mailing from the letter, and if you've requested checks, the order is held and processed after your balance reaches $25.

You may still have questions. Well, not to worry. You can always get the answers at theHSAauthority.com.