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American Community offers Health Savings Accounts
(HSAs) and Health Reimbursement Arrangements (HRAs)
with the following products:





  HSA     HRA
  • Next Generation HSA for individuals and groups of 2-50 employees
  • American’s Omega Solutions for groups of 51+ employees

HSA Fund Administration Options

  • APEP Choices for groups of 2-50 employees

 

HRA Fund Administration Options

With our HSA products, insureds have three options for fund administration:

  • Basic administration through American Chartered Bank – no fees

  • Enhanced administration through
    HealthEquity – $3.95 monthly fee

  • Another fund administrator of the insured’s choice

 

With our HRA product, employers have two options for fund administration:

  • Enhanced administration through
    HealthEquity – $4.95 per employee monthly fee

  • Another fund administrator of the employer’s choice

 

About American Chartered Bank
American Chartered Bank, recognized by the Wall Street Journal as one of the "best value" HSA custodians, offers free HSA fund administration to its customers. They require no minimum balance and charge no maintenance, transaction or account transfer fees. American Chartered Bank customers have account access through a free VISA® Check Card, checks, and free online banking/bill paying. For more information visit https://www.americanchartered.com/AmericanCommunity.aspx or call (847) 407-2603.

About HealthEquity
With HealthEquity as their fund administrator, our customers will enjoy the convenience of an account debit card, automatic claim payments from the HSA and online claims information. As noted above, HealthEquity will charge a monthly fee of $3.95 for an HSA and $4.95 for an HRA. For more information visit www.healthequity.com or call (866) 346-5800.