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With health care costs continuing to rise, an HSA is an affordable alternative to traditional health insurance for you and your employees.

Key Features

  • Competitive Interest
  • Tax Advantages 1
  • No “Use It or Lose It’ Policy
  • Free Debit Card

Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA. HDHPs have higher deductibles and out-of-pocket expense limits than traditional health plans but typically have lower premiums.

In addition to lower premiums, employees and employers can take advantage of the following benefits:

  • Employers can make contributions to their employees’ HSAs.
  • Employer contributions may be tax deductible.
  • Employee contributions may be tax deductible.
  • Unlike a Flexible Spending Account (FSA), employees will not lose the money in their HSA if it isn’t used by the end of the year.
  • Unused HSA balances can be rolled over until retirement.
  • Upon retirement, employees may continue to use their HSA funds tax-free if the funds are used to pay for qualified medical expenses.

Learn more about our HSAs.