HEALTH SAVINGS ACCOUNT
Contribute to the health of your small business
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- HOME
- BUSINESS AND AGRICULTURE
- BANK
- CHECKING
- HEALTH SAVINGS ACCOUNT (HSA)
Take care of business and your people with an HSA.
The health of your business and your own health go hand in hand. A Health Savings Account (HSA) lets you and your employees put money away for medical expenses with multiple tax benefits: Pretax savings, tax-free growth and non-taxable spending on a long list of eligible expenses.
Combined with a high-deductible health plan (HDHP), a HSA can help pay for everything from routine visits and lab tests to surgery for you, your spouse and eligible dependents. You can also use it for vision, dental care, even long-term care insurance premiums and services. Once you open an account, you have it for life. On the list of great small business ideas, they rank at the top.
- Multiple tax benefits
- Reduces out-of-pocket HDHP costs
- Covers a wide range of qualified medical expenses
- Earns interest with zero tax burden
- $3 monthly fee waived with online statements or $5,000 balance
- No spending deadlines
- Great recruitment and retention tool
SIGNIFICANT TAX BENEFITS
Tax-deductible savings, tax-deferred earnings, tax-free spending
CUTS HDHP COSTS
Helps reduce out-of-pocket costs for you and your employees
WIDE RANGE OF COVERAGE
Helps pay for a long list of qualified medical expenses
INTEREST-BEARING ACCOUNT
Earns interest just like any savings account
NO SPENDING DEADLINES
Unspent funds can go toward retirement
RECRUITMENT & RETENTION TOOL
Helps attract and retain top talent
