No Fee Health Savings Accounts for your Employees
Empower your employees to take better control of their healthcare expenses with the First IB Health Savings Account (HSA). This tax-advantaged account can be used to pay for eligible medical and healthcare expenses.
- Contributions and interest earnings are tax-free
- Eligible expenses can be paid with a debit card, online bill pay or a check
- Funds are portable — the money is theirs no matter where they work
- Unlike a Flexible Spending Account (FSA), HSA balances roll over from one year to the next
For further details, refer to: Fees Common to All Personal Accounts, Truth in Savings Disclosure, Deposit Account Terms and Conditions.
Employees must be enrolled in a high-deductible health plan that meets IRS guidelines for the annual deductible and out-of-pocket maximum.
Additional eligibility requirements and contribution limits apply.