Business Health Savings Accounts

Attract and retain good employees by providing attractive premiums. For all the good they create, Business HSAs provide little administrative burden and open the door to reduced insurance previous.

Plus, contributions are tax deductible.* Your employees are your greatest resource; treat them that way — and still benefit in the process — by offering HSAs at your workplace.


Employee Details

  • Greater personal control over healthcare management and expenses
  • Prepare for qualified medical expenses
  • Earn competitive dividends on entire balance
  • Make tax-free withdrawals for qualified medical, dental, vision expenses, and more*
  • Accessibility to funds**
  • Additional personal contributions may be made, tax-free
  • Unused funds remain in account
  • Keep your HSA in your name, regardless of career or life changes
  • Federally insured by NCUA
  • No minimum deposit to open

Company Details

  • Provide great benefits to employees
  • Helps retain and attract good employees
  • Contributions are tax deductible*
  • Reduced insurance premiums
  • Little administrative burden

*When used for qualified medical expenses. Consult a tax adviser. Qualified expenses include most medical care and services, dental and vision care, weight loss programs, some over the counter medications, mileage, and more.

**You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 10% penalty tax.


In order to have an HSA, you must be covered under a HSA-compatible High-Deductible Health Plan (HDHP). Not all HDHPs are HSA-compatible, so check with your insurance provider to ensure it meets all requirements.

In addition to having an HDHP, you must also meet the following requirements.

  • You cannot be enrolled in Medicare.
  • You cannot be claimed as a dependent on anybody else's tax returns.
  • You may not be covered by another health plan (some limited exceptions do apply).

You and your spouse (if applicable) generally cannot have additional health coverage that is not an HDHP. An individual who is covered by a qualified HDHP may, however, qualify for an HSA even if his/her spouse is covered by a non-HDHP plan. Accident, disability, dental, vision and long-term care insurances do not affect your ability to qualify for an HSA. Refer to IRS Publication 969 for more details.