Health Savings Accounts (HSAs)
If you’re like most Sussex County businesses, you’re seeing annual increases in health care benefits between 16% and 30%. That’s why more and more employers are offering high deductible health care plans and coupling them with matching contributions to an employee’s Health Savings Account (HSA).
HSAs create the opportunity for employers and employees to lower their health insurance premiums and obtain certain tax advantages* on contributions. Best of all, SussexBank offers an HSA program with features you just won’t find anywhere else:
- Just $50 to Open
- No Set Up Fees
- No Monthly Fees
- No Activity Fees
- No Debit Card Fees (But remember, a fee may apply when using your card at ATMs operated by other institutions or stores for debit purchases.)
A SussexBank HSA also offers:
- A tiered interest rate structure, paying higher rates on interest as savings accumulate.
- Easy access with a special, SussexBank HSA Debit Card
To learn more about the advantages of establishing an HSA relationship with SussexBank, contact us today. Or for more information on HSAs, visit us at www.sussexbankhsa.com.
*Be sure to consult your health insurance carrier and/or your tax advisor regarding HSA eligibility and other account guidelines (such as qualified medical expenses, tax deductibility, etc.). An average daily balance of $1,000 each month is required to earn interest, and a $25 fee applies on all closed accounts. Interest rates are subject to change.
