Health Savings Account (HSA)
Chard Snyder's employer-sponsored HSA package allows companies to create participant custodial accounts through Fifth Third Bank or The Bank of Kentucky. These personal accounts allow participants to use tax-free contributions to pay for eligible healthcare expenses.
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Fifth Third Bank is implementing several changes to their HSA fee schedule. Please read the Fifth Third Bank Fee Changes for an important correction to the letter you received in the mail.
Please note that effective January 1, 2011, Health Savings Account money may be used to purchase over-the-counter drugs and medicines such as ibuprofen, acetaminophen or cough syrup only with a prescription from your doctor.
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