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Health Savings Account

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Healthcare costs are on the rise making it a challenge to provide an attractive benefit package to your employees. A Health Savings Account (HSA) from United Bank & Trust combined with a High Deductible Health Plan from your insurance provider can reduce healthcare costs, and provide a tax-advantaged, lifetime medical savings account for your employees.

HSA Benefits:
  • No set up fee
  • $2.00 monthly maintenance fee
  • Interest earned monthly with a tiered Rate
  • Free debit card
  • Free online banking
  • Minimum opening balance $50
How to get started:
  1. Contact your insurance provider about a HSA-qualifying High Deductible Health Plan.
  2. Determine if you will be contributing to your employees' HSAs. Direct deposit is available.
  3. Arrange an orientation session for your employees with a United Bank & Trust representative.
  4. Employees visit a United Bank & Trust location and set-up their accounts or apply online.

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