American Fidelity (AmFid) is the preferred HSA Bank Account administrator through Butte Schools Self-Funded Programs (BSSP) and your employer.   HSA accounts for employees of Bangor, Butte College, OUHSD, Palermo and Paradise will remain with Optum Bank.

Health Savings Accounts (HSAs) are a great financial tool to help you save money on your out of pocket medical costs.  HSAs are available to any employee EXCLUSIVELY covered under an HSA-eligible plan.  BSSP plans which are HSA-eligible have "HSA" in the plan title. 

Note:  If you are double-covered, you must be exclusively covered under HSA-eligible plans.  If you have other medical coverage, either within or outside of BSSP, and that other coverage is not HSA-eligible, you may not participate in an HSA through BSSP. 
 
What is an HSA?  An HSA is similar to a flexible spending account (FSA) or unreimbursed medical account (UMA) under your employer's Section 125 plan and offers the same federal income tax benefits.  Unlike an FSA or UMA, unspent dollars deferred to a HSA rollover each year and are portable to another employer or at retirement; there is no "use or lose" provision to unspent HSA dollars. 
Why choose an HSA?  An HSA enables you to pay and save federal tax-free for qualified medical expenses, now and in the future.

• Get triple-tax savings
• Build a safety net
• Prepare for retirement

An HSA enables you to pay and save federal tax-free for qualified medical expenses, now and in the future.