Health Savings Account
@ a Glance—
- For use with a high-deductible health care plan
- No monthly service fee
- Earns interest (on a daily basis on account balances of $300 or greater)
Union Bank's Health Savings Account (HSA) provides eligible individuals a tax-deductible means to save for qualified, out-of-pocket medical expenses. Union Bank’s HSA carries no set-up fee or monthly service fee.
Your HSA earns interest on a variable, tiered rate schedule with interest paid on all balances. Interest earned on funds in the account is tax free when used to pay for qualified medical expenses.
You can use your Union Bank HSA Debit MasterCard to pay for qualified health care expenses. Online Banking gives you easy account access at any time so you can track your balance and medical expenses. You can also pay your medical bills online. Check images are included with your monthly eStatements or paper statements to help you with account management.
Speak with your employer's human resources department about all the benefits of high deductible insurance with health savings accounts.