Health Savings Account (HSA)
An employer-sponsored health savings account (HSA) adds significant value to your employee benefits package.
This account is often paired with an eligible high deductible health plan to reduce insurance costs.
With an HSA, employees create a nest egg for qualified medical expenses and provide fiscal security should anything happen.
• Competitive dividends
• No minimum balance requirement
• No monthly maintenance fee
• No annual fee
• Free Visa ATM/debit card
• Free checking account
• 24/7 online account access
• No payroll taxes on employee HSA contributions made through payroll deductions
• Federal income tax deduction on contributions you make to employee HSAs