Heritage Bank – Health Savings

The one-time setup fee is just $25 and interest is earned on all balances. Write a check or use a debit card to pay for qualifying medical expenses. Debit card transactions are free. We provide monthly statement and access to accounts online with Heritage@Home, our Internet banking service.

The Heritage HSA features:

• Security-High deductible insurance in conjunction with a Health Savings Account protects against high or unexpected medical bills.
• Affordability-Lower health insurance premiums by switching to health insurance with a higher deductible.
• Flexibility-Utilize funds to pay for current medical expenses, including expenses that an insurance policy may not cover, or save the money in the account for future needs.
• Savings-Earn interest on money in an HSA for future medical expenses and grow your account year after year, just like an IRA. There are no "use it or lose it" rules for HSAs.
• Control-Make all the decisions about how much to put into the account and how to spend the money.
• Portability-Accounts are completely portable. Keep and HSA in the event of a job change, medical coverage change, become unemployed, move to another state or change marital status.
• Tax Savings-An HSA provides triple tax savings: tax deductible contributions, tax-free earnings and tax-free withdrawals for qualified medical expenses.