A FREE Benefit For Your Employees

Health Savings Accounts (HSAs) are special savings accounts used to pay for qualified medical expenses. You benefit from triple tax advantages, such as:

  1. Tax-deductible contributions
  2. Tax-free accumulation of interest
  3. Tax-free distributions for qualified medical expenses

We believe our HSA one of the best around! It’s a great FREE benefit agency owners can give to their staff.

HSA's @ A Glance
Set Up Fee NO
Monthly Service FeeNO
Annual Fee NO
Minimum Balance Required NO
Transaction Restrictions Qualified Medical Expenses Only
FREE HSA Debit Card YES
FREE Online Banking YES
FREE Bill Payment YES
FREE Quarterly eStatements YES
FREE Mobile App YES
FREE  Quicken™ & QuickBooks™ support
YES
FREE Account Alerts*
YES
Overdraft Protection
Available
NCUA Insured
YES
Qualifications For Eligibility

To open an HSA you must have a high deductible health plan (HDHP). Check with your insurance carrier or employer to see if you qualify for an HDHP. In addition;

  • No other health coverage except what is permitted by IRS Publication 969
  • Cannot be enrolled in Medicare
  • Cannot be claimed as a dependent on someone else’s tax return
Contributions

Visit the IRS website for the most current information on annual HSA contribution limits. Once you reach age 55, you can make an additional "catch-up" contribution each year until you enroll in Medicare. However, once enrolled, you are no longer eligible to make contributions to your HSA.

How To Use Your HSA Money

You can spend your HSA money tax-free, on out-of-pocket qualified medical expenses. These include co-payments for medical care, prescription drugs, medical bills not covered by insurance and more. The IRS determines what is considered a “qualified medical expense”. You can review the most updated list at IRS Publication 502.

Please note this account is just for your employees. It may not be sold to 3rd party clients.

*Standard data fees and rates may apply based on your plan with your mobile carrier.

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