Principal® HSA Top Features
Principal Life Insurance Company was an early provider of health savings accounts, and we offer one of the most robust products in the market. With a Principal® HSA, you get an edge with features like:
- Combine with any qualified high deductible health plan (HDHP) — Match with a HDHP from any carrier.
- A variety of investment options for all ages, all stages — You need options for each stage of life and health. As needs change over time, our portfolio strikes a balance between easy access and higher accumulation potential:
- Interest bearing checking account with a VISA® debit card and checks are great for people with frequent medical expenses who need easy access
- No minimum deposit required to open an HSA
- Competitive interest rates paid on all balances
- Certificates of deposit (CDs) are attractive to participants approaching retirement or those wanting a higher rate of return with the greater security of FDIC insurance
- 1-, 3- and 5-year terms; minimum balance of $1,000 per CD
- Contribute once per year with no change in maturity date or interest rate
- Mutual fund options are available for participants who accumulate funds in their HSA and want long-term investment options
- More than 40 mutual fund options
- Required minimum investment of $1,000 per fund
- Education and enrollment — Easy-to-use, low-hassle enrollment and education materials in electronic format.
- Easy account access and management —
- Login, view HSA balances, and use interactive resources to help improve health and navigate the health care system.
- You can also access information about any other product you have with the Principal Financial Group, including medical insurance, 401(k), bank accounts and more!
The simplicity and efficiency of having all investment options administered by one company.
For more information
- If you’re interested in an HSA, please call 800-826-2364, Monday - Friday, 7 am-7 pm, CST.
- Learn more about whether you're eligible for an HSA
- Learn about the basics of HSAs
This is not a complete statement of the benefits, exclusions and limitations of the insurance described here. HDHPs and custodial services for HSAs offered by Principal Life Insurance Company. Bank products and services provided by Principal Bank, Member FDIC, Equal Housing Lender. HSA monies held in a Principal Bank account are FDIC insured. Insurance and securities are not FDIC insured and have no bank guarantee. Securities may lose value. Securities offered through Princor Financial Services Corporation, 800-247-4123, member SIPC. Principal Life, Principal Bank, and Princor® are members of the Principal Financial Group, Des Moines, IA 50392.
