4717989 Exp-04/28/2024(global footer) 4256464 Bank of America, N.A. This can help employers of any size, from small businesses to large corporations reduce benefit costs, putting their employees in charge of how they manage their healthcare expenses now, and in, retirement. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization. Bank of America, N.A., Member FDIC. All trademarks and service marks belong to Bank of America Corporation unless otherwise noted. If you receive distributions for other reasons, the amount you withdraw will be subject to income tax and may be subject to an additional 20% tax. Bank of America is an Equal Opportunity Employer. When a limited FSA is combined with an HRA or an HSA, employees can access funds from both accounts with one Bank of America health account debit card4. This material should be regarded as general information on health care considerations and is not intended to provide specific health care advice. Honeywell and our benefit partners offer webinars and live, in-person events throughout the year to help you make the most of your benefits. The planning tools and information calculators are illustrative only, and accuracy is not guaranteed. This information may be used to deliver advertising on our Sites and offline (for example, by email) that's customized to meet specific interests you may have. custodian only. If they receive distributions for other reasons, the amount withdrawn will be subject to income tax and may be subject to an additional 20% tax. You should consult your legal and/or tax advisors . The CIO, which provides investment strategies, due diligence, portfolio construction guidance and wealth management solutions for GWIM clients, is part of the Investment Solutions Group (ISG) of GWIM. Commuter assistance program - this benefit lets the employee at BoA avail the facility of no transportation charges or commute charges. If you opt out, though, you may still receive generic advertising. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill Account Access. In some cases, recordings of the live webinars are available. 04/27/2024, var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. This guide can help you make the health coverage choices that suit you and your family, and help you manage health care expenses today and in the future. Insurance, Health & Wellness Financial & Retirement Family & Parenting Vacation & Time Off Perks & Benefits Professional Support. If you would like to view other Bank of America accounts you may have, visit www.bankofamerica.com and sign in to Online Banking using the Online ID and Passcode that you have established for Bank of America Online Banking. $200 online bonus offer 3% cash back in the category of your choice > Unlimited Cash Rewards No annual fee. Participants may be able to claim a tax deduction for contributions they, or someone other than their employer, make to their HSA. The sponsoring employer or individual under an independent plan is solely responsible for ensuring such arrangements comply with all applicable laws. The calculators are not intended to offer any tax, legal or financial advice and do not assure the availability of or your eligibility for any specific product offered by Bank of America or its affiliates. That's why we invest in employees' wellness with best-in-class benefits and programs. Some articles, videos and calculators may have been written and produced by third parties not affiliated with Bank of America or any of its affiliates. tasks pursuant to an agreement with, and at the direction of, the sponsoring employer or individual under an independent plan. makes available The HSA for Life Health Savings Account as a custodian only. Submit. Bank of America has been recognized by Forbes as one of America's Best Employers for Veterans 2022! We're here to help those moments go smoothly. Financial perks Bonus pay More Tuition reimbursement Learn more about benefits Banking & Finance Account Analyst $35,000 per year One salary reported Anti Money Laundering Analyst $67,278 per year 6 salaries reported Asset Manager $50,844 per year Please consult with your own attorney or tax advisor to understand the tax and legal consequences of your HSA, Health FSA and/or HRA plan or program offerings to your employees and your particular situation in your capacity as employer and/or plan administrator. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. DALLAS, Dec. 6, 2022 /PRNewswire/ -- Aloe Vera of America, Inc. the Dallas-based manufacturer and distributor of Forever Living's aloe vera-based products to over 160 countries, recently received the Blue Thumb Award for its continued commitment to environmental compliance. Health Savings Accounts (HSAs), Health Flexible Savings Accounts (FSAs) and Health Reimbursement Arrangements (HRAs) are all tax-advantaged, To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. The HSA for Life is intended to qualify as a Health Savings Account (HSA) as set forth in Internal Revenue Code section 223. 2023 benefits! $200 online bonus offer Unlimited 1.5% cash back on all purchases > Travel Rewards No annual fee. Compare qualified medical expenses for a Health Savings Account (HSA), Flexible Spending Account (FSA), and Health Reimbursement Arrangement (HRA). This material should be regarded as general information on healthcare considerations and is not intended to provide specific healthcare advice. We serve employers across the country by offering integrated retirement and benefit plan services that can help retain talent and provide the support their employees are looking for. Bank of America acts solely as claims administrator performing administrative Please consult with your own attorney or tax advisor to understand the tax and legal consequences of establishing and maintaining a HSA, FSA, Dependent Care FSA, and/or HRA plan. website's posted privacy policy and terms of use. Bank of America does not sponsor or maintain the Flexible Spending Accounts or Health Reimbursement Arrangements that you establish. Common benefits at Bank of America Benefits information is taken from job posted on Indeed. However, the account beneficiary that establishes the HSA is solely responsible for ensuring that they satisfy the Health Savings Account eligibility requirements set forth in Section 223. content, offerings and level of security, so please refer to the The HSA is governed by the Custodial Agreement. Primary responsibilities: Manage and grow relationships with key influencers in the Health Benefits space, including key consultants, with the objective of cultivating support for our product suite and strengthening the Bank of America brand. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. Review the costs Even if you never step foot in a doctor's office, you have to pay your health insurance premium, an amount paid periodically to the insurance company to keep your policy active. We are 17,000 colleagues collaborating across the world to accelerate the transition towards a sustainable society. Work-life support - Work and life benefits include back-up child and elder care, free financial counseling, tuition reimbursement and referrals for everyday needs. 4717989 Exp-04/28/2024(global footer) 4704659 We can help enable your employees to take charge of their healthcare costs. You may be able to claim a tax deduction for contributions you, or someone other tahn your employer, make to your HSA. Bank of America recommends you contact qualified tax or legal counsel before establishing an HSA. Neither Bank of America nor any of its affiliates or employees provide legal, tax or accounting advice. Current and former employees report that Bank of America provides the following benefits. 4717989 Exp-04/28/2024(global footer). In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. About Triple Tax Advantages: You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish the HSA. As a full-time analyst, you will begin your career at Bank of America with an extensive training program. document.write("Exp - "); Guides & resources Access your guide and other materials Medical options & resources Evaluate each plan and carrier Log in to your account or get started with a new account. NEA Member Benefits has partnered with Bank of America since 1983 to offer members several credit card options as part of the NEA Credit Card Program.In addition to offering credit card products, Bank of America provides significant resources each year in support of the NEA Disaster Relief program to provide assistance to members who have been affected by FEMA declared disasters. Our strategy, programs and actions Wellness and benefits We know that supporting the physical, financial and emotional wellbeing of our employees in their personal life also supports them in their work life so they can be the best at work and at home. Learn about Bank of America Retiree Health & Medical, including a description from the employer, and comments and ratings provided anonymously by current and former Bank of America employees. We provide a full suite of financial products and services, from banking and investments to asset and risk management. Fill out the claims form you receive from your benefits administrator and gather all documents requested. If you opt out, though, you may still receive generic advertising. In addition, an employer making contributions to the Recommendations as to HSA investment menu options are provided to Bank of America, N.A. so the IRS defines the types of expenses that you can pay for with these accounts. If you have questions regarding your particular health care situation, please contact your health care, legal or tax advisor. Girls Who Code is an international non-profit organization working to close the gender gap in technology and change the image of what a programmer looks like and does. Plus, our tools and resources are designed to make program administration as simple and seamless as possible for you. Primary responsibilities: * Manage and grow relationships with key influencers in the Health Benefits space, including key consultants, with the objective of cultivating support for our product suite and strengthening the Bank of America brand In connection with providing these products and services, and at the request of the employer, Merrill makes available websites on the internet, mobile device applications, and written materials, including brochures, in order to provide you with information regarding your plan. It may not be complete. website's posted privacy policy and terms of use. This information may be used to deliver advertising on our Sites and offline (for example, by email) that's customized to meet specific interests you may have. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. ("MLLA"), a licensed insurance agency. Username Forgot Username? We strive to provide you with information about products and services you might find interesting and useful. The programs are sponsored and maintained solely by the employer offering the plan, or by an individual establishing an independent plan. In addition, an employer making contributions to the See all employee benefits To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. All rights reserved. Those programs are sponsored and maintained solely by the employer. Bank of America does not sponsor or maintain the Flexible Spending Accounts (FSA) / Health Reimbursement Accounts (HRA) that you establish. Job ID: BankOfAmerica-1532798852. The program is a combination of classroom instruction, e-learning modules, case studies, and presentations. On April 15, 2020a full month after President Trump's fateful news conference that greenlighted lockdowns to be enacted by the states for "15 Days to Flatten the Curve"the President had a revealing White House conversation with Anthony Fauci, the head of . The CIO, which provides investment strategies, due diligence, portfolio construction guidance and wealth management solutions for GWIM clients, is part of the Investment Solutions Group (ISG) of GWIM. The sponsoring employer or individual under an independent plan is solely responsible for ensuring such arrangements comply with all applicable laws. All trademarks and service marks belong to Bank of America Corporation unless otherwise noted. We will educate employees and equip them with resources to help them make the most of their health and benefit accounts, while providing you with tools to make program administration simple and seamless. Any interest or earnings on the assets in the account are tax free. https://careers.bankofamerica.com/en-us/benefits/part-of-the-package Senior IT Analyst - Jacksonville, FL - Feb 6, 2018. if(document.getElementsByClassName('arNo')[0].innerHTML != ""){ Welcome to the member website. Mutual Fund investment offerings for the Bank of America HSA are made available by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of Bank of America Corporation (BofA Corp.). Bank Of America Health Savings Account (HSA), Bank of America Benefits Solutions WARNING Bank of America's Health Savings Account is a SCAM to Steal BILLIONS from Unsuspecting Americans' Health Benefits Accounts!!! We work with with you to communicate health account benefits to your employees. Client-provided location (s): So Paulo, State of So Paulo, Brazil. They are intended to provide a comparative tool for various consumer health care options and potential costs and savings of those options. You may be able to claim a tax deduction for contributions you, or someone other tahn your employer, make to your HSA. The planning tools and information calculators are illustrative only, and accuracy is not guaranteed. This role will function as the Health Benefits subject matter expert for key stakeholders in our business. The calculators are not intended to offer any tax, legal or financial advice and do not assure the availability of or your eligibility for any specific product offered by Bank of America or its affiliates. by the Chief Investment Office (CIO), Global Wealth & Investment Management (GWIM), a division of BofA Corp. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. You can use the money in the account for any eligible out-of-pocket health costs, and the tax advantages can save you money. } website's posted privacy policy and terms of use. Bank of America does not sponsor or maintain the Flexible Spending Accounts (FSA) / Health Reimbursement Accounts (HRA) that you establish. Bank of America or operate. Its owner is solely responsible for the website's You should consult a professional adviser regarding your personal situation. Bank of America employee benefits - wellness benefits Working here Being a great place to work Wellness & benefits Supporting teammates' physical, emotional and financial wellness We are committed to supporting our teammates' and their families' wellbeing by offering flexible and competitive benefits. Which benefits does Bank of America provide? Additional information is available in our Client Relationship Summary. Find articles on fitness, diet, nutrition, health news headlines, medicine, diseases Health Improve Health Care Womens Health Mental Health More Food Diseases & Conditions Symptoms Drugs & Supplements Healthy Lifestyle Vitamin Cancer High Blood Pressure Autism Menopause COPD Thyroid Disease You should consult your legal and/or tax advisors before making any financial decisions. All rights reserved. Recommendations as to HSA investment menu options are provided to Bank of America, N.A. Our employer-provided voluntary benefit program that allows employees to set aside pre-tax dollars to pay for expenses related to commuting to and from work, including mass transit, vanpooling and work-related parking costs. Bank of America Questions Health benefits Claimed Profile Can't find your question about Bank of America? Under no circumstances should these websites, applications, and material, or any information included in these websites, applications, and materials, be considered an offer to sell or a solicitation to buy any securities, products, or services from Merrill or any other person or entity. HSA of an ineligible individual may also be subject to tax consequences. The CIO, which provides investment strategies, due diligence, portfolio construction guidance and wealth management solutions for GWIM clients, is part of the Investment Solutions Group (ISG) of GWIM. Events. Any interest or earnings on the assets in the account are tax free. Bank of America and its affiliates are not tax or legal advisors. Certain limits may apply to employees who are considered highly compensated key employees. Investments in mutual funds are held in an omnibus account at MLPF&S in the name of Bank of America, N.A., for the benefit of all HSA account owners. The calculators are not intended to offer any tax, legal or financial advice and do not assure the availability of or your eligibility for any specific product offered by Bank of America or its affiliates. by the Chief Investment Office (CIO), Global Wealth & Investment Management (GWIM), a division of BofA Corp. Bank of America, Merrill, their affiliates, and financial advisors do not provide legal, tax, or accounting advice. By addressing these stressors big or small these programs help support mental well-being. Call the Bank of America benefits counselor at 800-592-4089 to start the claims process. Banking activities may be performed by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A., Member FDIC. Welcome to the member website. We provide industry-leading benefits, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Retirement and Personal Wealth Solutions is the institutional retirement business of Bank of America Corporation (BofA Corp.) operating under the name Bank of America. Investment advisory and brokerage services are provided by wholly owned non-bank affiliates of BofA Corp., including Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill"), a dually registered broker-dealer and investment adviser and Member SIPC. Powered by WEX Health. We recommend that HSA applicants and/or employers contact qualified tax or legal counsel before establishing a Health Savings Account. We recommend that applicants and employers contact qualified tax or legal counsel before establishing a HSA. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill Account Access. Apply on company site. Power 2021 U.S. Banking Mobile App Satisfaction Study and the J.D. It may not be complete. Make financial sense of your health benefits, Six simple steps to jump-start your emergency fund. Power 2021 U.S. Online Banking Satisfaction Study.1 We earned additional recognition by J.D. Bank of America Merrill Lynch has a great benefits package which includes medical, dental, vision, 401k, health savings accounts, flexible spending accounts, paid time off, 4 months paid maternity/paternity leave, etc. The planning tools and information calculators are illustrative only, and accuracy is not guaranteed. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. The following is adapted from a talk delivered at Hillsdale College on October 20, 2022, sponsored by the student group Praxis. All rights reserved. Bank of America, N.A. You should consult a professional adviser regarding your personal situation. All rights reserved. defined contribution, defined benefit, health savings accounts, flexible spending account, non-qualified deferred compensation and equity award service plans). Bank of America, N.A. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Merrill provides products and services to various employers, their employees and other individuals. challenge to provide employees access to resources for a healthy lifestyle and help manage health care costs. Any interest or earnings on the assets in the account are tax free. No part of this site is intended to provide tax or legal advice. 4717989 Exp-04/28/2024(global footer) 4693389 var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. The card's smart technology allows it to automatically pull funds from the correct account based on the expense category. For the eighth consecutive year, the aloe vera product manufacturer and distributor was given the Blue Thumb Award. Co-insurance (medical, dental or vision) Co-payments Cold sore remedies Cough, cold and flu Crutches or canes Deductibles Diabetic supplies Diagnostic services Digestive aids Drug addiction treatment Feminine anti-fungal/anti-itch Fertility enhancements Flu shots Guide dogs or other service animals Hearing aids and batteries Hemorrhoidal preps If you would like to view other Bank of America accounts you may have, visit www.bankofamerica.com and sign in to Online Banking using the Online ID and Passcode that you have established for Bank of America Online Banking. This information may be used to deliver advertising on our Sites and offline (for example, by email) that's customized to meet specific interests you may have. Its owner is solely responsible for the website's In addition, an employer making contributions to the Generally, qualified expenses include doctor visits, medications, medical equipment, and dental and vision care for you, your spouse and any dependents. Trust and bank fiduciary services are provided by Bank of America, N.A., member FDIC. Strong excel and power point skills. All rights reserved. tasks pursuant to an agreement with, and at the direction of, the sponsoring employer or individual under an independent plan. Relationship-based ads and online behavioral advertising help us do that. We'll help you determine what your contributions should be. Secure online access making it easy for employees to submit claims and monitor accounts. Emotional wellness Bank of America, Merrill, their affiliates, and advisors do not provide legal, tax or accounting advice. tasks pursuant to an agreement with, and at the direction of, the sponsoring employer or individual under an independent plan. } } If an individual/employee establishes a HSA and s/he is not otherwise eligible, s/he will be subject to adverse tax consequences. 3Use it or lose it refers to account portability and annual rollover of accumulated assets - it does not imply you cannot lose money. Use the navigation tabs on this page to explore information about Employee Resources at home. content, offerings and level of security, so please refer to the Bank of America encourages applications from all qualified . This material should be regarded as general information on health care considerations and is not intended to provide specific health care advice. If you prefer that we do not use this information, you may opt out of online behavioral advertising. AFRY is an international engineering, design and advisory company. Expert knowledge of financial industry and Health Benefits client segment, including business models, players, new entrants, significant trends, and outlook Ability to travel 75% of the time custodian only. Expert knowledge of financial industry and Health Benefits client segment, including business models, players, new entrants, significant trends, and outlook Ability to travel 75% of the time Log in to your account or get started with a new account. A summary of the main features of each type of health account, and how some accounts can work together. Vacation - The Bank of America provides 2 weeks of paid time off to avoid excessive pressure on the employees. Macroeconomics knowledge. This material should be regarded as general information on health care considerations and is not intended to provide specific health care advice. You should consult your legal and/or tax advisors before making any financial decisions. Build advocacy for our capabilities across the various stakeholders Coordinating with . All rights reserved. or operate. The employer is solely responsible for ensuring that such arrangements comply with all applicable laws. The Employee Benefits Specialist will primarily partner with Commercial Banking Relationship Managers (up to 2B) to identify benefits sales opportunities and drive growth across Defined Contribution (DC), Defined Benefits (DB), Nonqualified Defined Contribution (NQDC), Equity, and Health Benefits Solutions (HBS) products in a specified . if(document.getElementsByClassName('arNo')[0].innerHTML != ""){ Create a new account, or enter a code given to you. At Bank of America, we believe employers can positively impact their employees' financial wellness by providing comprehensive financial education and solutions. Bank of America recommends that applicants and employers contact qualified tax or legal counsel before establishing a HSA. If you would like to view other Bank of America accounts you may have, visit www.bankofamerica.com and sign in to Online Banking using the Online ID and Passcode that you have established for Bank of America Online Banking. or operate. Our HSA offers three potential federal tax advantagespre-tax contributions, tax-free earnings and tax-free withdrawals. However, the account beneficiary establishing the HSA is solely responsible for ensuring satisfaction of eligibility requirements set forth in IRC sec 223. This site may contain links to third-party content, which may be articles, videos, or calculators, regarding health plans only as a convenience. Get your financial life on track Know your score and take the first step! var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. All trademarks and service marks belong to Bank of America Corporation unless otherwise noted. Investing in stable value products is typically more involved than investing in other diversified fund offerings. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Insurance, Health & Wellness Family & Parenting Vacation & Time Off Perks & Benefits Professional Support Insurance, Health & Wellness Health Care & Insurance 3.8 4 Ratings Life Insurance We strive to provide you with information about products and services you might find interesting and useful. Get Started I have a code www.bankofamerica.com Our health and benefit account solutions team can help you offer a competitive benefit plan to your employees. HSA of an ineligible individual may also be subject to tax consequences. Mutual Fund investment offerings for the Bank of America HSA are made available by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of Bank of America Corporation (BofA Corp.). If an individual/employee establishes a Health Savings Account and they are not otherwise eligible, they will be subject to adverse tax consequences. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Employee Resources at Home for Bank of America Employees Welcome to Employee Resources at Home Here, U.S.-based Bank of America employees can access a wide range of benefits and programs to support you and your family when away from a work computer. These ads are based on your specific account relationships with us. They are intended to provide a comparative tool for various consumer health care options and potential costs and savings of those options. With their 7-week Summer Immersion Program, after school Clubs, College Loops program and New York Times best-selling series, they are leading the movement to inspire, educate . If you receive distributions for other reasons, the amount you withdraw will be subject to income tax and may be subject to an additional 20% tax. Please consult with qualified professionals to discuss your situation. If an individual/employee establishes a HSA and s/he is not otherwise eligible, s/he will be subject to adverse tax consequences. Set up a health and benefit plan for your employees now. You should consult your legal and/or tax advisors before making any financial decisions. As your needs continually evolve and grow, well be with you every step of the way. 2About tax benefits: Participants can receive tax-free distributions from their HSA to pay or be reimbursed for qualified medical expenses they incur after they establish the HSA. Our debit card is the easiest way to pay for qualified healthcare expenses. Learn about solutions that can help your clients enhance their workplace benefits programs. Any interest or investment gains grow tax-free, No taxes on withdrawals for qualified healthcare expenses, "Use it or lose it" rules do not apply and funds carry over year after year. Use these resources to help you prepare. We created a multi-channel approach to educational content that has been designed to help your employees make the most of their health accounts based upon their individual needs. Current and former employees report that Bank of America provides the following benefits. This site may contain links to third-party content, which may be articles, videos, or calculators, regarding health plans only as a convenience. Bank of America does not sponsor or maintain the Flexible Spending Accounts (FSA) / Health Reimbursement Accounts (HRA) that you establish. No part of this site is intended to provide tax or legal advice. We will educate employees and equip them with resources to help them make the most of their health and benefit accounts, while providing you with tools to make program administration simple and seamless. Welcome to Retiree Resources Retired U.S.-based Bank of America employees can access a wide range of benefits and programs to support you and your family during your retirement. We provide ongoing thought leadership and analysis of the healthcare landscape. Learn more or update your browser. Our Asia Pacific team is spread across 19 cities in 12 markets. Job Description: Position Summary Bank of America has been recognized as #1 in customer satisfaction with banking mobile apps and online banking among national banks in the J.D. var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. Our flexible HSA solution works with virtually any health insurance carrier for seamless integration with your existing programs. Bank of America, N.A. Some articles, videos and calculators may have been written and produced by third parties not affiliated with Bank of America or any of its affiliates. Online chat is also available on the member website. Bank of America and its affiliates are not tax or legal advisors. We offer quality health and insurance benefits and continue to provide wellness programs and resources, such as annual health screenings and the Get Active! Learn more about Bank of America or connect to us on social media. Any interest or earnings on the assets in the account are tax free. Your employees can potentially maximize their HSA by investing a portion of their balance in a select menu of mutual funds. Clients should consult their legal and/or tax advisors before making any financial decisions. We offer eligible U.S. employees up to 5% of eligible pay in 401 (k) company-matching contributions, plus 2% or 3% in annual contributions (based on years of service). Contact Us - Contact Bank of America at: 800.718.6710 If you would like to view other Bank of America accounts you may have, visit www.bankofamerica.com and sign in to Online Banking using the Online ID and Passcode that you have established for Bank of America Online Banking. If you prefer that we do not use this information, you may opt out of online behavioral advertising. However, the account beneficiary establishing the HSA is solely responsible for ensuring satisfaction of eligibility requirements set forth in IRC sec 223. Powered by WEX Health. Welcome Money Benefits Career Community Events Need Help? Our health FSA can be set up as an integrated full- or limited-purpose reimbursement account to enable employees to set aside pre-tax dollars to help pay for qualified medical expenses that occur during a particular year. If you prefer that we do not use this information, you may opt out of online behavioral advertising. Bank of America provides people, companies, and institutional investors with industry-leading financial products and services. Our HRA program is a customizable benefits program allowing for many variations. MLPF&S is a registered broker-dealer, Member SIPC, and a wholly-owned subsidiary of BofA Corp. The HSA for Life is intended to qualify as a Health Savings Account (HSA) as set forth in Internal Revenue Code section 223. Log In Secure Area En espaol Log In to Online Banking User ID Save this User ID Password Forgot your Password? Neither Bank of America nor any of its affiliates or employees provide legal, tax or accounting advice. If you receive distributions for other reasons, the amount you withdraw will be subject to income tax and may be subject to an additional 20% tax. If you have questions regarding your particular health care situation, please contact your health care, legal or tax advisor. Bank of America employee benefits - wellness benefits Health (5 days ago) Teammates are encouraged to complete wellness activities and receive a $500 credit to their annual medical plan premium.1 If the employee's spouse/partner also completes these activities, this credit is increased to $1,000. Online access to communications and resources you can share with your employees. This benefit is a great way to differentiate yourself in a highly competitive hiring marketplace. Job Description: Role Overview As a Retirement Benefits Client Services Representative (CSR) you'll work in an inbound contact center serving our Merrill clients who participate in corporate-sponsored retirement and benefit plans (e.g. The HSA for Life is intended to qualify as a Health Savings Account as set forth in Internal Revenue Code Section 223. Log In Stay connected with our app Secure, convenient banking anytime Investments in mutual funds are held in an omnibus account at MLPF&S in the name of Bank of America, N.A., for the benefit of all HSA account owners. Benefits OnLine Retirement and benefit services provided by Merrill Login is currently unavailable, please check back again soon. Existing User? Diversification and asset allocation do not ensure a profit or protect against loss. Learn more about our firm's background on FINRA's BrokerCheck Online Access Guides for 401 (k) accounts and Equity Awards. Bank of America and the Bank of America logo are registered trademarks of BofA Corporation. Bank of America makes available The HSA for Life Health Savings Account as a custodian only. Please consult with qualified professionals to discuss your situation. Analytical and Logical thinking. Client Services Rep - 401(k) & Health Benefit Solutions - 1st Shift Bank of America Jacksonville, FL 3 days ago Be among the first 25 applicants The HSA for Life is intended to qualify as a Health Savings Account (HSA) as set forth in Internal Revenue Code section 223. by the Chief Investment Office (CIO), Global Wealth & Investment Management (GWIM), a division of BofA Corp. Our LSA offers you the ability to provide a customizable post tax-benefit to your employees that promotes healthy habits and overall well-being. Bank of America acts solely as claims administrator performing administrative 4717989 Exp-04/28/2024(global footer). - view all. We provide our international clients with a range of services fundamental to their . Additional information is available in our Client Relationship Summary. Glassdoor is your resource for information about the Retiree Health & Medical benefits at Bank of America. How a health savings account can help you manage medical costs. makes available The HSA for Life Health Savings Account as a document.write("Exp - "); Bank of America, N.A., Member FDIC. Get started today. makes available The HSA for Life Health Savings Account as a Bank of America's flagship HSA for Life works with all HSA-eligible health plans that typically offer lower monthly premiums than traditional health insurance plans, thereby saving you and your employees money. Neither Bank of America nor any of its affiliates or employees provide legal, tax or accounting advice. Relationship-based ads and online behavioral advertising help us do that. Please remember there's always the potential of losing money when you invest in securities. Answers to 9 questions many people have from who's eligible to what costs these accounts can help you cover. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). Following these six simple steps can help you get started on building a reserve of cash, for when you need it. All rights reserved. 02/02/2023, var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. We are continually innovating and optimizing our mobile experience to provide industry-leading account management tools. Learn about how our health accounts can benefit your business. We're committed to having measures in place so your information is always protected. Remember Me Next New Users Create a new account, or enter a code given to you. This site may contain links to third-party content, which may be articles, videos, or calculators, regarding health plans only as a convenience. content, offerings and level of security, so please refer to the The sponsoring employer or individual under an independent plan is solely responsible for ensuring such arrangements comply with all applicable laws. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Neither Bank of America nor any of its affiliates provide legal, tax, accounting or benefits consulting advice. Lehigh Valley, Pennsylvania Nationwide *Consumer Comment: America_RippedOff, *Consumer Comment: ***NATIONWIDE ALERT: IF YOU WANT TO. Investments in mutual funds are held in an omnibus account at MLPF&S in the name of Bank of America, N.A., for the benefit of all HSA account owners. It's critical to how we drive Responsible Growth by delivering for our teammates, clients and shareholders and addressing society's biggest . With health benefit solutions from Bank of America, employers have a single provider of account-based benefits, allowing clients more time to manage and grow their business, while spending less time on administration. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Designed with your needs in mind, our health and benefit account solutions can help you offer a competitive benefit plan to your employees. If you've decided to save in a health savings account (HSA), your next move is to figure out how much. Relationship-based ads and online behavioral advertising help us do that. Bank of America Employee Benefits Package & Programs Health (8 days ago)Financial wellness. Mutual Fund investment offerings for the Bank of America HSA are made available by Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of Bank of America Corporation (BofA Corp.). 'use strict';const footerYearContainer=document.getElementById("js-global-footer__year");footerYearContainer.innerHTML=(new Date).getFullYear(); Bank of America Corporation. Visa card benefits Immediately call your benefits administrator at 800-847-2911 to report the theft or damage. If you have questions regarding your particular healthcare situation, please contact your healthcare, legal or tax advisor. 04/20/2023, var today = new Date(); document.write(today.getFullYear()); Bank of America Corporation. Our portal is intended to help make account administration easy. Maximizing the benefits of Health Savings Accounts: 10/16/23: 9:00 AM to 10:00 AM Pacific: Webinar: N/A : Open : N/A : Healthcare in retirement: Medicare and the HSA: 10/19/23: . Located in our U.S.-based, secure facilities, our dedicated customer care associates are available 24/7 to support your employees with any questions they may have along the way. Investment products, insurance and annuity products: Financial Life Benefits is a registered trademark of Bank of America Corporation. We strive to provide you with information about products and services you might find interesting and useful. CCC Intelligent Solutions Holdings Inc., a leading SaaS platform for the P&C insurance economy, today announced that management will participate in a virtual fireside chat hosted by Bank of . Please consult with qualified professionals to discuss your situation. If an individual/employee establishes a HSA and s/he is not otherwise eligible, s/he will be subject to adverse tax consequences. Our goal is to keep everything running smoothlyfrom day-to-day operations to annual enrollment, strategic planning and periodic reviews. Bank of America and its affiliates are not tax or legal advisors. Mobile app not available on all devices. Please consult with your own attorney or tax advisor to understand the tax and legal consequences of establishing and maintaining a HSA, FSA, Dependent Care FSA, and/or HRA plan. Bank of America - Banking, Credit Cards, Loans and Merrill Investing Choose the card that works for you Customized Cash Rewards No annual fee. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other service. Discover how we can differentiate your program and offer employees a range of health benefits solutions. 4717989 Exp-04/28/2024(global footer). However, the account beneficiary establishing the HSA is solely responsible for ensuring satisfaction of eligibility requirements set forth in IRC sec 223. At Bank of America, we're committed to addressing the root causes of inequality through a company-wide commitment to advancing racial equality and economic opportunity across diverse communities. WEX Health Inc. 2004-2022. HSA of an ineligible individual may also be subject to tax consequences. Bank of America Corporation is now hiring a Consultant Relations - Health Benefits in Pennington, NJ. About Triple Tax Advantages: You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish the HSA. What Expenses Are Covered By My Health Account? if(document.getElementsByClassName('arNo')[0].innerHTML != ""){ Employee Comments Showing 1-10 of 1620 Dec 3, 2022 5.0 Plan sponsors will need to sign participation agreements and other documents with the stable value products sponsor; will also be required to meet certain eligibility criteria; and such investments are typically subject to plan-level withdrawal restrictions that may limit plan liquidity. document.write("Exp - "); Download the free app makes available The HSA for Life Health Savings Account as a Our competitive financial benefits - including 401 (k) contribution matches, retirement advice, health savings accounts, educational resources and financial wellness tools - help employees address money issues in the here-and-now, prepare for retirement and help protect their family over the long term. custodian only. For a complete list of qualified medical expenses see IRS Publication 502. Recommendations as to HSA investment menu options are provided to Bank of America, N.A. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading. If you have questions regarding your particular health care situation, please contact your health care, legal or tax advisor. You can lean on our experience to help educate and equip your employees to make the most of their health and benefit accounts. 1Offered by Bank of America, N.A. Bank of America provides a hassle-free easy working facility to its employees. The commitments KeyBank made to LMI communities in that initial 2016 agreement helped the bank win regulatory approval for a merger the bank later touted as a major driver of both profit growth and dramatically higher dividend payments to shareholders, even as they made less and less of an effort to help non-White, non-wealthy customers buy homes. Which benefits does Bank of America provide? View job listing details and apply now. Skip to content. In addition, an employer who makes contributions to an HSA of an ineligible individual may also be subject to adverse tax consequences. Power as . More on the support we offer "We need more companies like Bank of America that show they care for employees not just as workers, but as human beings." We recommend that applicants and employers contact qualified tax or legal counsel before establishing a HSA. These ads are based on your specific account relationships with us. Argentina Australia Belgi (Nederlands) Problem solving. Bank of America recommends you contact qualified tax or legal counsel before establishing an HSA. Bank of America is nothing more than a claims administrator who performs ministerial administrative tasks with respect to such arrangements pursuant to agreement with the employer. You're continuing to another website that Bank of America doesn't own No part of this site is intended to provide tax or legal advice. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill Account Access. Bank of America recommends you contact qualified tax or legal counsel before establishing an HSA. You're continuing to another website that Bank of America doesn't own Visa is a registered trademark of Visa International Service Association, and is used by the issuer pursuant to license from Visa U.S.A. Inc. 5Data connection required. Bank of America, N.A., Member FDIC. If you opt out, though, you may still receive generic advertising. Working at a company that supports our veterans and all they've given to our country is . Risk Management. The HSA for Life is intended to qualify as a Health Savings Account (HSA) as set forth in Internal Revenue Code section 223. Bank of America acts solely as claims administrator performing administrative You may be able to claim a tax deduction for contributions you, or someone other tahn your employer, make to your HSA. Connecting Asia Pacific to the World. Some articles, videos and calculators may have been written and produced by third parties not affiliated with Bank of America or any of its affiliates. The programs are sponsored and maintained solely by the employer offering the plan, or by an individual establishing an independent plan. Bank of America, N.A., Member FDIC. (BANA), Member FDIC. Bank of America Health Insurance 4255 employees reported this benefit 4.0 1620 Ratings Available to US-based employees Change location Employer Verified Aug 22, 2019 Employer Summary Bank of America offers employees comprehensive medical and prescription drug coverages. Benefits for you A dedicated client services team Our goal is to keep everything running smoothlyfrom day-to-day operations to annual enrollment, strategic planning and periodic reviews. Ask a question All topics Benefits Benefits Health benefits Holiday and PTO 401k Dental benefits Employee discounts Life insurance Hiring Hiring Process Background Check Interviews Drug Test Job Opportunities Hiring Age Company culture The FSA and HRA are governed by the plan documents (including Summary Plan Description) established by your employer. About Triple Tax Advantages: You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish the HSA. Wireless carrier fees may apply. 4The HSA debit card program is issued by Bank of America, N.A. The Custodial Agreement and the Plan Documents are collectively referred to as 'Account Documents'. Bank of America | Online Banking | Log In | User ID Skip to main content close You are using an unsupported browser version. The investment portion of the HSA account is not FDIC insured, not bank guaranteed and may lose value. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. If there is a conflict between the Account Documents and these web pages, the Account Documents control. Why us Learn about our suite of health and benefit accounts designed to help you provide a competitive benefit plan. Our health and benefit account solutions team can help you offer a competitive benefit plan to your employees. They are intended to provide a comparative tool for various consumer health care options and potential costs and savings of those options. 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