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Health Savings Accounts

A health savings account (HSA) is designed to help you and your employees save for medical expenses. Think of an HSA as tax savings for you and your employees because all contributions and withdrawals for qualified medical expenses are tax-free*. Only employees with high-deductible health plans are eligible. 

HSAs can help businesses like yours attract and retain valued employees. However, there are limits and the accounts are subject to IRS rules and regulations.

HSA accounts offer:

  • Free online banking with bill pay
  • Free mobile banking
  • Monthly e-Statements for detailed record keeping
  • The convenience of a debit card to pay for qualified medical expenses wherever Visa® is accepted**
  • Unlimited check writing for qualified medical expenses

Stop by or call your American Community Bank & Trust Commercial Banker for more information on how you and your employees can cut your healthcare costs by using pre-tax dollars, and gain more control over how you spend and invest your medical funds.

* Subject to IRS rules and regulations. ** Limits apply.