Flex HSA
Quick Summary
- HSA savings account
The Verdict
Flex HSA provides essential HSA features with a monthly fee of $1.75 and mutual fund investing, earning a 0/5.0 rating from HSA Orbit.
Flexible Benefit Service Corporation (Flex) offers integrated HSAs for anyone with a qualified high deductible health plan. Since 1988, Flex has helped individuals and families save on healthcare expenses with our full portfolio of consumer-driven accounts. Our HSA simplifies the health plan experience for our account holders by giving them real-time resources to help them manage their money, including our easy-to-use Mobile App and a web site with videos, calculators, tutorials and more.
Key Features
Banking & Access
Includes debit card, online banking and check-writing.
Investment Options
Offers mutual fund investing.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
No minimum balance to open. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance | $1.75 | $0.69 | ABOVE AVG |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $25.00 | $1.95 | ABOVE AVG |
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Mutual Fund Investing
Access mutual fund investments through your HSA with Flex HSA.
- Minimum Threshold$1,000
- Fees$2.50 / Month
Interest Rates
Interest rates are not currently available for this provider.
Contact Information
Address
8700 W. Bryn Mawr Avenue Suite 1010S Chicago, IL 60631 Customer Service Mailing Address 8700 W. Bryn Mawr Avenue Suite 1010S Chicago, IL 60631
Customer Service
888-353-9472
8700 W. Bryn Mawr Avenue Suite 1010S Chicago, IL 60631 Customer Service Mailing Address 8700 W. Bryn Mawr Avenue Suite 1010S Chicago, IL 60631
Sales Contact
888-353-9472
At a Glance
Pros & Cons
The Good
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $1.75
- •$1,000 minimum to invest
- •Interest rates not published
User Sentiment
Based on community feedback
Sentiment data coming soon
Compare with Related Providers
New Direction Trust Company
New Direction Trust Company is a trusted custodian for self-directed HSAs. An HSA with NDTCO can invest in a wide array of assets including private equity, real estate, private loans, precious metals and more. We are commonly used in a 2 HSA system (an HSA at a bank for convenience and an HSA at NDTCO) to maximize the tax benefits of this account type. Ask us how!
Read Review →Bankers Trust
Our tradition is one of strength, progress, local ownership, and support for individuals and the community - this is a tradition we pledge to maintain. If you've already entrusted us with your business, thank you. If you are considering Bankers Trust, we look forward to also providing you exemplary products, expertise, and a level of customer service that's second to none. You can be confident with your decision to do business with Bankers Trust. We can be reached using our toll-free line, our website, or our 24-hour, 7-day Easy Access automated line. However you reach us, we appreciate the opportunity to serve your financial needs.
Read Review →Synovus
What began as a textile mill in Georgia that, one day, started securing its workers’ hard-earned savings in the company vault has grown into one of the southeast’s most respected financial institutions. All these years later, that drive to help others still runs deep. It guides every decision we make, from the services we constantly innovate to the company culture we build. We pledge to serve every customer with the highest levels of sincerity, fairness, courtesy, respect, and gratitude, delivered with unparalleled responsiveness, expertise, efficiency, and accuracy. We are in the business to create lasting relationships, and we will treat our customers like we want to be treated. We will offer the finest personal service and products delivered by caring team members who take 100% responsibility for meeting the needs of each customer.
Read Review →Latest HSA Strategies
View all articlesIneligible HSA Contribution? How to Fix It and Avoid Penalties
Made an ineligible HSA contribution? Learn how to fix excess contributions, avoid the 6% penalty, and handle Form 8889 before the tax deadline.
Why Does Tax Software Say My HSA Contribution Is Taxable?
Your tax software shows HSA contributions as taxable income? Learn why it happens, how to fix it in TurboTax and FreeTaxUSA, and avoid penalties.