Resource Center

Resource Center

Employee Eligibility

To be eligible for the Avidia Health HSA, you must meet all of the requirements. To determine your eligibility, please see below or go to to see the IRS Publication 969.

  • You are covered under a qualified HDHP.*
  • You are not covered by another health plan that is not an HDHP.**
  • You are not enrolled for Medicare benefits.
  • You are not eligible to be claimed as a dependent on another individual’s tax return. You have HDHP coverage on the first day of the month the account is opened.

* The Internal Revenue Service (IRS) sets annual limits for minimum deductible amounts and maximum out-of-pocket costs for the HDHP to be considered eligible. These limits can be located on the IRS’s website,
** Certain exceptions may apply.

Paying Medical Bills Before Your HSA Is Funded

As a prospective or new account holder, you may have concerns about paying for a potential medical procedure before you are able to fund your Health Savings Account (HSA). There are a few options available to you.

  • Set Up A Payment Plan
    If you do not have the funds to pay your medical provider using your HSA or other payment methods, ask your medical provider if they have available payment options. Many providers offer low or no interest payment plans.
  • Pay With Alternate Funds And Reimburse Yourself
    You can pay for medical services with alternate funds and reimburse yourself from your HSA later. If you utilize this option, the most convenient and cost-effective method will be to utilize internet banking.
  • IRA Transfer Or HRA/FSA Rollover
    HSA regulations allow account holders to make a one-time transfer from an IRA into the HSA or a one-time rollover from an HRA or FSA plan into the HSA. We recommend contacting a tax advisor to determine if a transfer or rollover is the right decision based on your individual situation. HSA/FSA rollovers must be initiated and coordinated with your employer.

Avidia Bank hopes you will not need a medical procedure, but if you do and it happens to be in the early stages of building HSA funds, remember that options are available to help pay for the medical services.

The 5 Steps To Enrollment

We also make enrolling into an HSA as easy as possible. Here are the five simple steps for enrollment:

At Avidia Health, we strive to go above and beyond to make your life easier. Please contact us today if you have any questions or we can assist you in any way.

Contribution Options

Employer contributions to their employees’ health savings accounts encourage employees to enroll in their HSA program. We make it easy for employers to contribute through a number of contribution options including:

  • Direct Deposit
    Your client can initiate contributions to their employees’ HSAs through their current payroll provider.
  • Online Banking
    Your client has access to convenient, secure online contributions through the Avidia Health web portal.
  • Check
    Your client can contribute by mailing a paper check to Avidia Health.

Top Ten Reasons To Open An HSA

  1. Tax-advantaged:
    A triple-tax advantage: Contributions are tax-free, potential interest gains accumulate tax-free and distributions are tax-free when used to pay for qualified medical expenses.
  2. Flexible:
    Funds can be used for non-medical expenses. At age 65, any remaining HSA funds can be withdrawn for non-medical reasons without penalty. Ordinary income tax will be charged on the money withdrawn for non-medical reasons.
  3. Portable:
    The employee owns all HSA account funds. Unlike an FSA, the accumulated balance in the account rolls over from year to year. Accounts move with employees even if they change employment or retire.
  4. Convenience:
    A debit card provides employees with an easy and convenient way to access HSA contributions. Paper checks are available upon request.
  5. Independence:
    Employers prefer the long-term viability of an independent administrator. The relationship the employer has with their HSA administrator or HSA custodian remains consistent, along with all plan processes and resources, even if the employer switches to a different insurance plan.
  6. Savings solution for future health needs:
    Unused contributions accumulate and can be saved and used for future medical expenses or to supplement retirement income. For example, unused funds can be used to pay COBRA or other medical insurance premiums during periods of unemployment or temporary layoff.
  7. Customized banking solutions:
    Our world-class trustee partner, Avidia Bank, is a mutual, FDIC-insured financial services provider that specializes in delivering internet-enabled banking services to affinity groups nationwide. This partnership enables us to provide clients with a customized banking experience via their portal.
  8. Investment options:
    Employees can select from a wide array of investment options to match their preferred investment style. Investments are offered through Devenir.*
  9. Record keeping:
    Avidia Bank will process HSA deposits and withdrawals, post transactions, prepare and distribute bank statements and perform year end reporting on required IRS Forms.
  10. Monthly Statements:
    Sent when the account has any activity (quarterly statements are sent to all account holders regardless of activity).

*Are not insured by the FDIC
*Are not deposits or other obligations of Avidia Bank and are not guaranteed by Avidia Bank
*Are subject to investment risks, including possible loss of principal invested

Take full advantage of your HSA

The Avidia Health eClaims Manager* is a free and optional service that allows you to see and manage every aspect of your HSA, in one place. As a participant you can conveniently:

  • Track your medical claims in real-time
    Start with an up-to-date view of your healthcare spending and outstanding balances.
  • Receive automatic reimbursements
    No paperwork. Just every penny you’re entitled to.
  • Pay medial bills digitally
    Pay your bills with lightning speed. HIPAA certification and bank-level security keep your data and money safe.

*Avidia Health HSA holders must register in order to use the free eClaims Manager service. While most major insurances are integrated to the eClaims Manager, not all insurances may be available for this product at this time. It is recommended to check the list of insurance providers prior to signing up for these services. If you do not see your carrier, please check back at a later time as the list is continually being updated.

AVIDIA BANK Fee Schedule

Fee Description Fee
Monthly Account Fee $0
Monthly Investment Fee $2.50 * (Devenir fee; not Avidia Bank)
Debit Card(s) Free
Bill Payment Free
Checks Free
On-Line & Mobile Free
Paper & E-Statements Free
Pays Interest Yes
Investment Option Yes
Minimum Deposit Required No
Check Copies $0 per copy
Overdraft Fee $30.00 per item
Return Item Fee $30.00 per item
Deposit Item Return $5.50 per item
Stop Payment $25.00 per request
Treasurer’s Check $5.00 per check
IRS Levy Fee $40.00
Wire Transfer Fee Domestic Incoming $10.00
Outgoing $20.00
Wire Transfer Fee International Incoming $10.00
Outgoing $20.00
Research $25.00 per hour
$15.00 minimum
Transfer Fees - ACH Incoming $0
Outgoing $0
Transfer Fees - Manual $0
Inactive Account Fee $0
Dormant Account Fee $0
Account Close/Rollover Fee $0
Replacement Card Fee $0
Expedited Card Fee $50.00 per envelope
Customer UPS Fee $0
Account Closing Fee $0
Account Rollover Fee $0
Faxing $0
Expedited Documents $0

Current HSA Interest Rates

Interest rate (subject to change) APY Min. to obtain APY
0.10% 0.10% $0.01 - $2,499.99
0.15% .10% - .14% $2,500 - $19,999.99
0.25% .14% - .24% $20,000 or greater

Avidia Bank HSA Investment Options

To view the most current Avidia Bank HSA Investment Fund Performance information, click here. (Updated Monthly)


Avidia Bank can host a "Live" webinar with Go-To-Meeting. If you are interested, please contact us at One of our specialists will work with you to coordinate the material as well as the scheduling of the event. All webinars are live presentations, so please contact us in advance to allow adequate time to prepare and coordinate the scheduling of the meeting.