Health Savings Account (HSA)

Account Details

Employer Benefits

  • Provides a tax deduction for contributions made on behalf of employees.
  • Aids in the attraction and retention of employees as a result of providing expanded employee benefits, and
  • Lowers overall health insurance costs by switching from more expensive health plans to a less costly HDHP.

Employee Benefits

  • Earns daily interest, compounded monthly on daily balances of $100.00 and above
  • Qualifying high-deductible health plan coverage required
  • No monthly service charge
  • $100.00 minimum to open this account
  • Deposit and withdrawal limitations as stipulated by government guidelines

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