Tax savings1, convenience, portability. These are just a few of the perks of opening up a Health Savings Account (HSA) at Guaranty Bank & Trust. When an unexpected medical bill rolls in, an HSA can help you deal with the stress.
KEY BENEFITS
- Tax Savings1 – HSA contributions are tax-deductible, and earnings and eligible withdrawals are tax-free, as long as certain requirements are met.1
- Ownership and Control – You own your account and decide how to spend your healthcare dollars.
- Convenience – You can use your HSA Mastercard® debit card to get instant access to your HSA and pay for eligible out-of-pocket health expenses. You can also use your checkbook to access the funds in your HSA.
- Portability – You can continue your account even if you change places of employment. Guaranty Bank & Trust will still be here to service your account.
- Roll Over – Unlike Flexible Spending Accounts with “use it or lose it” requirements, money left over in your HSA at the end of the year rolls over into the next year.
KEY FEATURES
- Minimum Opening Balance of $50
- Interest-Bearing Account – Daily interest paid on the entire balance.
- Unlimited Check Writing
- Free Mastercard® Debit Card