Health Savings Account

For the American Structurepoint Community

 

About Health Savings Accounts (HSAs)

An HSA allows you to save money for your medical needs, and your funds will not be taxed if used for qualified expenses. At year-end, remaining funds will carry over for use in future years, and contributions to your account can be made by you, your employer, or other individuals. American Structurepoint has partnered with Elements Financial to offer you the opportunity to open an HSA with Elements.

Once you have opened your Elements HSA, you will have access to the HSA Portal. The portal enables you to keep all of your important information, like paperwork and receipts, in one place, which makes for easy retrieval and reference later.

Learn More About HSAs and the HSA Portal

 

How to Open Your HSA

Go to the online application form and follow the onscreen prompts. Keep these notes in mind to make your application process easier:

  • When prompted for your employer or affiliate organization, select "American Structurepoint" from the dropdown box of multiple choices.
  • If you are new to Elements, a member savings will be established along with your HSA. The Member Savings account is needed to establish your membership with Elements.
  • You may add up to 5 authorized users for a HSA debit card, please have any authorized user information handy.
  • Please select a beneficiary. HSAs are individually owned accounts.
  • Elements will provide $5 for the Member Savings and your HSA will be funded by payroll contribution.
  • Funding is not required at time of application.

 

What You Need to Start the Application

  • Valid U.S. driver’s license, State-issued ID or passport
  • U.S. Social Security number
  • U.S. citizenship or resident alien status
  • NOTE: If another person will be an authorized user on your accounts, he or she must also enter and validate personal information.

 

After You’ve Applied

You will receive a welcome email from customerservice@elements.org. Please watch for and save this important message that will include your Member Number. You will need this information to enroll in Online Banking.

 

Accessing Your HSA Funds

You can access the money in your Elements Financial HSA in several ways:

  • Use your HSA Visa debit card to conveniently pay for qualified medical expenses such as prescriptions, doctor bills, etc.
  • Use Elements Online Banking to transfer money from your HSA to reimburse yourself for payments made from your other Elements accounts. Be sure to keep the receipts that match the amounts you have moved. Enroll in Online Banking once you receive your welcome email.
  • Use Bill Pay within Online Banking to pay a bill to a provider that does not accept Visa cards.

 

HSA Forms