Account Security
At Ametros, we take pride in ensuring our members and their funds are protected so you can get treatment when you need it most. With news of turmoil in the banking industry, we understand knowing your money is safe and sound is more important than ever. Rest assured, Ametros ensures your funds are protected by:
FDIC Insurance: FDIC insurance protects against the loss of deposits if an FDIC-insured bank fails. Ametros is a wholly owned operating subsidiary of Webster Bank, N.A. Ametros itself is not an FDIC-insured institution. Only the funds deposited within Webster Bank, N.A. are eligible for FDIC insurance. Ametros deposits funds for your benefit at Webster Bank, N.A. Eligibility for pass-through deposit insurance coverage is subject to fulfilling specific conditions. For purposes of determining how much FDIC insurance is applicable to the funds deposited by Ametros for your benefit at Webster Bank, N.A., you need to consider all single accounts in your name maintained with Webster Bank, N.A., including CD, checking, savings, BrioDirect online accounts and cash held in health benefits accounts with HSA Bank.
Establishing Separate Bank Accounts: Every dollar of our members’ funds are in individual bank accounts in their names and Social Security Numbers or Tax IDs. Funds are not pooled.
Working with Strong Banking Partners: Ametros works with several award-winning banking partners with strong capital strength and stability. We do NOT work with any of the banks currently closed or at risk of failure, such as Silicon Valley Bank or Signature Bank.
We continue to monitor the market to ensure we are providing you with the best protection possible. We do not foresee these events having an effect on our members or the service we provide. If you have further questions about your account, please visit our CareGuard Member FAQs or feel free to reach out to our team.
Thank you,
Porter Leslie
CEO