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Business Services
Because business moves fast.

Health Savings Account

Our Health Savings Account is a tax free account that allows your employees to save and pay for any medical expenses they may incur along the way. Contributions are easy, and withdrawals are even easier with a Visa® debit card and checks.

Whether they are single or have a family, with enrollment in a High Deductible Health Plan (HDHP) — this account is for them.

    • Free e-statements
    • Free online banking
    • Safekeeping for unexpected medical expenses
    • Contributed funds are not subject to federal income tax
    • Unused funds accumulate year to year
    • 2019 Contribution limits: Single - $3,500 Family - $7,000; Catch-up for those 55 or older - $1,000
    • Automatically transfer funds from their payroll into their HSA account
    • Checks and a Visa® debit card are provided upon request

    *Consult a tax advisor.

    **You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 10% penalty.