As a business owner - do you already offer a high deductible insurance plan option for your employees? If so, did you know we offer a Health Savings Account?

What is a Health Savings Account?

The Health Savings Account (HSA) is a tax advantage savings plan available to taxpayers in the United States who are enrolled in a High Deductible Health Plan (HDHP) and are used to cover current and future medical expenses. An HSA allows contributions to be added before tax is paid on it and then to withdraw the money tax-free(1) for qualified medical expenses. HSAs help to manage medical expenses and reduce the continuing growth of healthcare costs.

Benefits of a Health Savings Account paired with a high deductible health plan include:

  • Lower premiums. Benefit from lower premiums while still protecting against high or unexpected medical bills.
  • Extended coverage. HSA funds can be used to pay for a wide range of current medical and mental health expenses, including expenses that your insurance may not cover.
  • Save and invest. Save money in your account for future medical expenses and grow your account through investment earnings.
  • Flexible contribution options. Others can contribute to your HSA account. Contributions can come from you, your employer, a relative or anyone who wants to add funds.

To see more benefits, please visit: https://qcbt.bank/personal/hea...

Accelerate your HSA with a Health Equity Account:

Just like a traditional savings account, your HSA earns interest. This makes your HSA an effective component of your financial strategy. With a Health Equity Account, once your account meets a certain threshold, you can also invest in mutual funds much like a 401(k) to maximize your HSA earning potential.

To see if an HSA offering is right for your business, fill out the form below:

(1) HSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize HSA funds as tax deductible with very few exceptions. Please consult a tax advisor regarding your state's specific rules.

The Health Equity Account is not insured by FDIC or any other government agency | Not bank guaranteed | Not bank deposit or obligation | May lose value.