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A Health Savings Account or HSA is an account you deposit money into to save for current or future healthcare expenses. Enjoy favorable tax treatment on the money you save, and you decide how it’s spent: Use it to cover qualified healthcare needs as they’re incurred or carry it over to cover future qualified expenses.

HSA Information For Employers

Unlock your employees’ potential by helping them save for healthcare expenses in a tax-advantaged way with Health Savings Accounts (HSAs) from bankESB—at no cost to you!

 

An HSA is like a personal savings account where employees in high-deductible health plans (HDHPs) can save pre-tax for current or future healthcare expenses—including those insurance does not cover.

  • Contributions to the HSA are often tax-deductible.
  • Distributions are tax-free when used for qualified medical expenses.
  • Any funds left in the HSA grow tax-free with no need to “use it or lose it.”

*Special offer is for opening a Basic or Get Real Checking account. Minimum to open both accounts is $10. A $10 deposit to your new account and a $25 gift card will be provided at account opening. $100 promotional offer is for opening a Basic Checking account and activating direct deposit (of at least $25) OR signing up for Online Banking and conducting 5 debit card transactions using your debit card within the first 60 days of account opening ($100 will be credited to the account by the last day of the statement cycle following the 60th day the account has been open). $50 promotional offer is for making 5 bill payments using Online Banking OR enrolling in eStatements within 60 days of account opening ($50 will be credited to the account by the last day of the statement cycle following the 60th day the account has been open). Minors (anyone younger than 18) are not eligible for Online Bill Pay. $50 loyalty bonus will be paid after the account has been open for 12 months ($50 will be credited to the account by the last day of the statement cycle following the 365th day the account has been open). Bonuses are for new customers and limited to one account per customer. In accordance with applicable regulations bonus payouts may be 1099 reportable. Account must be in good standing and have a positive balance at the time the bonus is paid. May not be combined with other promotional offers. This is a limited time offer and subject to change without notice.