Business Health Savings Accounts
We have a plan to help you and your employees face any challenge.
Health Savings Accounts
An innovative solution to rising health-care costs, Health Savings Accounts (HSAs) are the answer that many have been waiting for. The HSA is designed to help individuals save for qualified medical expenses and retirement expenses on a tax-advantaged basis.
This account offers triple tax savings to those who qualify. Many business owners and those who are self-employed are barely able to keep up with health care premiums, which continue to grow at an astounding rate. The HSA allows a business owner to possibly decrease the amount of health care premiums they pay by offering a health care plan that has a high deductible. Generally, the higher the deductible, the lower the premiums. Many employers are then able to fully or partially fund their employees’ Health Savings Accounts. For many employers, the HSA is a way to introduce control into their health benefits program, while providing the protection their employees expect and deserve.
Our competitive interest rates and no fee accounts have been a great solution for those individuals who qualify.