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HSA Frequently Asked Questions
What are the funding maximums for the accounts for tax years 2007 & 2008?
For 2007 the contributions limits are $2850 for those that are individually insured $5650 for participants with family
coverage. The 2008 contribution limits are $2900 and $5800. The catch-up contribution allowed for eligible
participants 55 and older are $800 for 2007 and $900 for 2008.
Why do we receive checks when we haven’t ordered them?
All new American Chartered Bank account holders receive a free check starter kit when opening a checking account
at American Chartered Bank. Often, an employer will require a voided check to setup a payroll based direct deposit.
You may use these checks for that purpose.
How does an American Chartered Bank HSA account holder make deposits to their HSA account?
There are multiple ways to deposit funds in your HSA account.
1. Bank by Mail using the HSA deposit/withdrawal form available at www.americanchartered.com.
2. Electronic Funding (see www.americanchartered.com/personalHealthSavings.asp for HSA electronic
In person, at any one of our 13 convenient Chicago area locations.
What do I need to mail deposits to my HSA account? Where do I send them?
You can send a check to deposit money into your HSA account with deposit instructions* to:
American Chartered Bank - HSA Processing
PO Box 5994
Carol Stream, IL 60197-5994
How do I get reimbursements from my HSA account?
Reimbursements from your HSA account to pay for medical expenses can be done in a variety of ways.
1. When medical expenses are incurred, use your American Chartered Bank HSA debit card to pay for
2. For debit card users, you have the ability withdraw cash from ATMs in your community. In
the Chicago area, American Chartered Bank is a member of the Starsf ATM network. Using
the Starsf ATM network will allow Chicago area customers to avoid ATM surcharges. A
complete list of Starsf ATM’s