Health Savings Accounts

A Health Savings Account (HSA) is a consumer-driven product designed to put control back in the hands of the consumer. It was created by the Medicare bill signed by President Bush on December 8,2003, and it is designed to help individuals save for future qualified medical and retiree health expenses on a tax-free basis.

An HSA creates unique tax benefits. To fully explore the advantages an HSA may have for your company, please contact us. We can review your benefits to see if this is a good choice for you.

To find our the restriction on distribution and how HSAs are administered, please click here.

Annual contribution limits to HSA accounts are determined by the Internal Revenue Service and can change on a yearly basis. To ensure you are getting up to date info, please click here.

The following banks are accredited HSA banks:

Arthur State Bank

Greenville First

SC Community Bank

Optum Health Bank

JP Morgan Chase Bank

American Chartered Bank

American Health Value

Bancorp Bank

Entrust

First American Bank

Health Savings Administration

HSA Trustee Services

Mellon Financial

Please contact us for an up-to-date listing, as more banks continue to add HSA to their services.