Health Savings Account

The rising costs of healthcare makes our Health Savings Account (HSA) a timely and smart solution for businesses across our communities. This tax-advantaged medical savings account lets you or any of your employees enrolled in a High Deductible Health Plan (HDHP) pay for any qualified medical expense. Our HSA enables you to expand your employee benefits package, helping them save money, on a tax-free basis, to pay for current and future qualified medical expenses. Unlike a Flexible Spending Account (FSA), funds in an HSA roll over and accumulate from year to year, providing greater flexibility and control for your employees.


Employer Benefits

  • Substantially reduce your health insurance premiums when you switch to an HSA-qualified HDHP.
  • Contributions by employers are exempt from payroll taxes.
  • Your employees become better healthcare consumers with your assistance.


Employee Benefits

  • The Triple-Tax Advantage:
    • Contributions are tax deductible
    • Earnings are tax free
    • Withdrawals are tax free for qualified medical expenses
  • Use to pay for eligible medical expenses (i.e. prescriptions, preventative care, dental and vision care, and qualified over-the-counter medications)
  • HSAs are portable—they follow your employees through changes in employment or insurance coverage
  • Balances roll over from year to year—there are no “use-it-or-lose-it” rules
  • Interest-bearing checking account
  • Low minimum initial deposit and no minimum balance
  • No setup fee
  • Competitive interest
  • No per-check charge
  • Unlimited check writing
  • Free monthly statement
  • Free debit card
  • Free eStatements
  • Free online banking

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