Health Savings Accounts

The skyrocketing cost of health insurance is a troubling concern for many people in our communities. And rightly so. Healthcare-related costs place a great deal of financial stress on most Americans. That’s why we offer banking services for Health Savings Accounts (HSAs) – to help you reduce insurance premiums and save for future out-of-pocket costs.

HSAs combine high-deductible health insurance with a tax-sheltered savings plan. At Professional Bank, we provide that savings plan – and help you find an insurer that can provide HSA-compatible insurance. You can use the savings for a variety of traditional medical expenses or other costs. Federally qualified HSAs are tax-deductible, tax-deferred and tax-free. And unlike a flexible spending account, you won’t lose your contributions at the end of the year.

At Professional Bank, we want to help local business and individuals solve challenges. Our assistance with HSAs is one way we do it.

For details, please ask to schedule an appointment with your Professional Bank expert. We’ll make sure that an HSA is right for you. Or, if you’re already informed about HSAs and you’d like to enroll now, please click the button below.

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