Health Savings Account (HSA)
A Health Savings Account (HSA) is established to pay current and future medical expenses in conjunction with a High Deductible Health Plan.
For businesses looking to offer Health Savings Accounts (HSAs) to their employees, Tioga State Bank offers HSAs to meet your individual small business needs.
Individuals are eligible for a Health Savings Account if the individual is:
- Covered by a High Deductible Health Plan
- Not covered by other health insurance
- Not enrolled in Medicare
- Cannot be claimed as a dependent on someone else’s tax return
Tioga State Bank HSAs include:
- Tiered interest checking accounts
- Competitive interest rates
- No minimum opening balance
- No per check charge
- Free access to check images via TSB Online Banking
- Free Tioga State Bank HSA Debit card
- Low monthly service charge of $2.50
- Low $25 set-up fee
- $20 closing fee
- $50 Rollover/Transfer fee
The information provided is not intended to be legal or tax advice. You should consult your attorney or tax advisor for information that relates to your specific circumstances.
If you have any questions, or want to learn more...
Contact us online, by phone at 888-303-4TSB or visiting us at a TSB office location.