You’re in business to make money.
We’re in business to help you save it.
Health Savings Accounts
Today, Health Saving Accounts (or “HSAs”) are more popular than ever before, and with good reason. They’re designed to help people tackle the high costs of healthcare while saving for the future.
When you open an HSA with us, you get all the benefits of a traditional HSA—along with a team of people you can feel good about working with.
Our Health Savings Accounts allow your employees’ contributions to be fully tax deductible and their distributions for qualified medical expenses to be free from tax. To qualify for an HSA, your employees must be covered under a qualified High Deductible Health Plan (HDHP) on the 1st day of the month the contribution is made.
Accounts can be opened for as little as $1 and include a free debit card and the first 50 checks for free. There is no service charge, annual fee or per check/debit fees!
To learn more about HSAs from Citizens Bank, contact us today.
Contributions made to your HSA by you or someone other than your employer may be taken as a deduction. Account holder may not be a dependent or covered by another health plan that is not an HDHP, including Medicare.