Health Savings Account
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 charges.
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.
Your HSA comes with free checks or you can take advantage of an included Union Bank HSA Debit MasterCard to pay at the point of service. 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 statement to help you with account management.
Speak with your human resources department about all the benefits of high deductible insurance with health savings accounts.