Mother and daughter talking to pharmacist

Health Savings Accounts for Businesses

Retain and recruit talented employees with healthcare spending control and an easy-to-use retirement savings tool.

Implementing a health savings account program for your business is easy. We’re here to assist with every aspect of HSA implementation and training. You’ll have access to a team dedicated to help through enrollment, eligibility, reporting, and employee communication, as well as a dedicated employer portal with flexibility to update employee information and contributions.

An HSA offers many benefits to an employer:

  • Lower health insurance premiums –high deductible health plan premiums are typically lower than traditional plans.
  • Tax savings for the company –contributions to your employee HSAs are excluded from the company’s gross income and not subject to withholding from income tax or other employment taxes.
  • Health insurance carrier neutral – if your company chooses a different health insurer, your employees can keep their accounts and avoid the cost and hassle of transferring them.
  • More choice for employees – money saved in premiums can be used to fund their HSAs, so they decide how health care dollars are spent.
  • Savings for the future – employees can use HSAs to save for future health care expenses by investing and growing those funds.

Contact a business banking representative at (866) 236-8744 or stop by any location to get started.

Not sure which solution is right for your business? Take a few minutes to run through Business Analyzer today. We'll ask a few simple questions about your business and provide recommendations just for you.