A Health Savings Account is a way to save for healthcare costs when you are enrolled in a high-deductible healthcare insurance plan. These accounts are specifically designed to save for future qualified medical and retiree health expenses on a tax-exempt basis.
First Palmetto Bank makes the process of setting up an HSA easy on you, so that you and your family can prepare and pay for qualified medical expenses not covered by your insurance plan.
- HSA Features
- No minimum opening balance
- Competitive interest rates
- Unlimited check writing or the use of a First Palmetto Bank VISA Debit Card for qualified medical expenses
- Access to online banking
- Contributions may be tax deductible, and interest earned may be tax-deferred (See your tax professional)