OPEN MY HSA

To enroll in a Home Federal Health Savings Account, individuals only need to follow four easy steps.

1. Determine if you qualify for a HSA.
2. Complete the Home Federal HSA application
3. Enclose a $90.00 check payable to "Home Federal"
4. Mail the application form with your check.

The process for each employee within an employer group follows the same process to ensure the account has been established. Please note for employers only, additional steps are required and are covered in the employer process section.

Step 1: Determine if you qualify for a federal tax-deferred HSA.

Home Federal does not "qualify" HSA account holders. Consult a qualified insurance professional in regard to insurance questions. There are two simple parts to the process for establishing a Health Savings Account (HSA). You must have a Qualified High Deductible Health Plan (HDHP) before you can establish a HSA. The HDHP covers medical expenses after you meet the deductible and the HSA covers "first-dollar" day to day qualified medical expenses before the deductible is met. A HDHP is an insurance policy that meets certain dollar limits as shown in the table below. To determine if you qualify, simply contact your health plan administrator or representative. For 2009 the requirements for a HDHP are shown in the table below.

Step 2: Complete the Home Federal HSA application. Click Here

Step 3: Enclose a $90.00 check payable to "Home Federal".

This includes in your payment:
$40 Annual fee.
Initial deposit to open your HSA account (minimum $50).

Step 4: Mail the application form with your check to:

Home Federal
Attention: Customer Services
P.O. Box 190
Nampa, ID 83653

Within three-four business days, your Home Federal Health Savings Account Starter Kit will arrive in the mail. You will receive a small supply of HSA checks to use until your Home Federal HSA Visa® Debit Card arrives.

Within seven-ten business days, your Home Federal HSA Visa® Debit Card will arrive in the mail. To ensure your security you PIN for your card will arrive a few days before or after your actual card arrives in a separate mailing.

You will receive monthly statements from Home Federal Bank.

Your statement itemizes deposits, withdrawals, and interest earned on your account. Use your VISA® Check Card at an ATM to withdraw funds needed for your medical expenses, or ask for cash back when paying for a prescription.

Pay medical expenses out of your regular checking account and reimburse yourself at the end of the month with your one free HSA check.