Health Savings Account Features at Merchants Bank
Certified Health Savings Professional, Nancy Denstad, shares these benefits your employees will enjoy when they take advantage of an HSA:
- No monthly or annual maintenance fees
- Choose a checking or certificate of deposit option, whichever your employee prefers
- Easily set up a payroll direct deposit to automate pre-tax savings
- Earned interest is tax-deferred (consult your tax professional)
- Withdrawals are free as long as they are made for qualified medical expenses according to IRS guidelines
Count on us to be your HSA partner. Call to set up a presentation for you and your employees.