HSA

Health Savings Accounts for Your Employees

If you offer your employees a high-deductible health plan, they could benefit from an HSA at Heartland Bank. Then, you and your employees can rest assured that expenses can be covered.

A Health Savings Account (HSA) is a tax-exempt account established exclusively for the purpose of paying for qualified medical expenses for your employees, their spouses and dependents. This account is only available to individuals that participate in a high-deductible health plan.**

  • Tiered interest rate
  • $4 monthly maintenance fee (waived with $1,500 minimum daily balance or ownership of an additional Heartland Bank deposit account)
  • First order of basic HSA checks free of charge
  • Debit card access is available
  • Transfer or rollover funds from another HSA
  • HSA owner may add authorized signers allowing card eligibility

 

2017 Statutory Contribution
Limit
Catch-Up Contributions
(age 55 or older)
Maximum Deductible Minimum Deductible 
Self-Only $3,400.00 $1,000.00  $6,550.00*  $1,300.00*
Family $6,750.00 $1,000.00  $13,100.00*  $2,600.00*

 

*These amounts are indexed annually for inflation.

**An individual is eligible to contribute to an HSA and may make/receive monthly contributions if they are covered under a high-deductible health plan, are not covered by any other health plan that is not an HDHP (with certain exceptions for plans providing preventative care and limited types of permitted insurance and permitted coverage), are not enrolled in Medicare, and may not be claimed as a dependent on another person’s tax return.