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Health Savings Account

Health Savings Account

If you offer your employees a high-deductible health insurance plan, we offer the ability for you to open a Health Savings Account for your employees as an added benefit. Both you and/or the employee can contribute money for future medical expenses.

  • No minimum balance
  • Monthly printed or e-statements
  • Flexibility of funds – money can be used to pay for current medical expenses, including expenses insurance may not cover, or save the money for future needs.
  • Compound monthly interest credited to the account on the last business day of each month.
  • Tax savings include:
    • Tax deductions upon contribution
    • Tax-free earnings through investment
    • Tax-free withdrawals for qualified medical expenses