HSA Application Process

“It’s Your Money & Your HEALTH
Take Charge of Both TODAY!”

There is a simple process for creating a funded GIFT Health Savings Account.

  1. If the recipient already has a High Deductible Health Plan, aka an HDHP, Click on ”Go Directly to HSA Bank Account” and apply for our chosen and highly competitive HSA administrator, First HSA. If no HDHP yet, go on to #2.
  2. To find the required High Deductible Health Plan, HDHP, for your recipient, click on the tab for the state the recipient lives in.

    1. Starting with the zip code, provide the data that the insurer asks for.
    2. You will be contacted by health insurance experts with quotes right away.
    3. Select the HDHP policy that suits your graduate best. There is no state limitation since this site provides access to all states.
    4. In CT you will be serviced by Rick Willard and his agency, Griswold, Willard & Strong.
  3. Once you have your insurance and If you have a bank that you prefer (to be sure, check out our great online rates) then apply for this GIFT HSA account there, if NOT then, Click on ”Go Directly to HSA Account” and then
    1. Click on ”GIFT of Health” icon on left hand side
      1. Click on ”Apply now”
      2. Choose any of the methods
        1. Apply online,
        2. Apply by Mail or Fax,
        3. Apply by Phone; if you prefer to apply over the telephone, our banking representatives are available to help you. Call Toll-Free 888-769-8696.

    4. Remember that the funding amount placed in this ”Medical IRA” is
    not only a great start for your graduate but is also
    tax deductible to them each year. Great!

    Funding a GIFT HSA can also be considered to be part of a gifting strategy for estate planning purposes. Please consult your Estate Planner or Attorney.
    This is not to be construed as tax advice.

    Once both parts of the ”Gift of Health Circle” are complete,
    the recipient has their own funded and ’paid for’
    individual health insurance policy and Medical IRA. The new
    graduate is on the way to health ownership and empowerment!