Health Savings Accounts
What is a HSA? Health Savings Accounts, commonly called HSAs, were created in 2003 so that individuals covered by high-deductible health plans could receive tax-preferred treatment of money saved for medical expenses. To qualify for a HSA, individuals must be under age 65 and carry a high-deductible health insurance plan.
For Employees:
Take control of health care costs today and easily pay for your medical expenses with a Health Savings Account. This tax-advantaged account is an increasingly popular tool for individuals that are covered by a high deductible plan. Check with us on how you can establish a Health Savings Account today.
Why Individuals Choose HSA
- Easily pay using a debit card
- Contributions are tax-deductible
A Health Savings Account allows individuals to set aside funds for medical expenses and easily pay for qualified expenses using a debit card.
For Employers
Health Savings Accounts (HSA) provide businesses with a tool to help control rising healthcare costs while saving employees money. This tax-advantaged account, designed for individuals with a high deductible health plan, continues to grow in popularity among businesses of all sizes.
Why Businesses Choose HSA
- Increase employee awareness of medical costs
- Manage medical costs through a debit card
Plaza Park Bank can help you set up Health Savings Accounts for your employees.
Health Savings
Can’t Wait for Savings?
Sometimes NOW is the time to take advantage of an opportunity. Instead of assuming it’s not possible, come talk to us about your options! We would love to work with you and show you the possibilities. Contact one of our Relationship Managers today for more information.