Health Savings Account

A Health Savings Account (HSA) can offer a tax-efficient way for your employees to set aside money to help pay for qualified medical expenses

This program is great for those who have a high-deductible plan (HDHP) and want to be prepared for medical expenses.

Benefits

  • Works the same as a checking account, including a checkbook, debit card, online access and more
  • Contributions, even when made by a family member, are deductible on your tax return
  • Any amount not used for qualified medical expenses will grow tax-free and may be carried over for use in the future. Funds not used for qualified expenses can remain in the account until retirement
  • Accounts are portable. You can keep your HSA even if you change jobs, switch your medical coverage or become unemployed

Employee Features

  • Free e-statements
  • Free Internet Banking
  • Online bill pay
  • 24-hour access to Phone Access Line (PAL)

This information is not intended to be legal, investment or tax advice and should not be relied upon. MB Financial Bank, N.A. and its affiliates do not provide legal or tax advice to clients. You should review your particular circumstances with your legal and tax advisors.