HEALTH SAVINGS ACCOUNTS
Health Savings Accounts (HSAs) are tax-advantaged accounts that work with a high deductible health plan. They provide a flexible way to pay for current health care expenses and to save for future qualified medical and retiree health expenses on a tax-free basis:
- Tiered interest rates
- No monthly maintenance fee
- Convenient access and payment options, including a no-annual fee HSA Debit Card
- Minimum deposit of $50 to open
- A low, one time set-up fee of $25
We offer both individual and family HSAs and use the daily balance method to calculate the interest on the account. This methods applies a daily periodic rate to the entire principal in the account each day. Additionally, the interest is credited monthly. For more information or to open your Health Savings Account online visit www.asbhsa.com today!