Your health is important to you, but it’s also important to your employees. Help take care of them with a tax-advantaged HSA.*
Key Features
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Competitive Dividends
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No Monthly Fees
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No Minimum Balance
Details
Company Details
- Provide great benefit to employees
- Helps retain and attract good employees
- Contributions are tax deductible*
- Reduced insurance premiums
- Little administrative burden
Employee Details
- Greater personal control over healthcare management and expenses
- Prepare for qualified medical expenses
- Earn competitive interest on entire balance
- Make tax-free withdrawals for qualified medical, dental, vision expenses, and more**
- Accessibility to funds***
- Additional personal contributions may be made, tax-free
- Unused funds remain in account
- Keep your HSA in your name, regardless of career or life changes
- $25 service charge applied if no withdrawals or contributions made within a calendar year
- Get additional First Community CU benefits:
- Free debit card with ability to add authorized user
- Check blanks available in books of 25 or 50 at cost
- Sign up for eStatements to avoid annual fee
- Online account access 24/7
- No minimum deposit to open
- Must be used in conjunction with a High Deductible Health Plan (HDHP)
*Consult a tax advisor.
**When used for qualified medical expenses. Consult a tax adviser. Qualified expenses include most medical care and services, dental and vision care, weight loss programs, some over the counter medications, mileage, and more.
***You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 10% penalty tax.