Health Savings Accounts

A way for employees to save and pay for healthcare expenses

Learn about HSAs

A health savings account (HSA) combines high-deductible health insurance with tax-free contributions, interest and withdrawals. It's an added benefit for many employees.

Your employees must have a qualifying high-deductible health plan (HDHP) to contribute to an HSA. They can save money in an HSA, as they would with any other interest-bearing account, and use their HSA dollars, tax-free, to pay for healthcare expenses incurred by the employee, their spouse or their dependents.

What isn't spent continues to grow, year after year. After employees reach age 65, they can choose to continue to use the HSA tax-free for healthcare expenses or use it for other purposes as taxable income.

I am always impressed with the customer service at Bell Bank. I feel they truly care about me and I am not just another number."

-Becky B.

How Does An HSA Work?

To be eligible to set up an HSA, your employees:

  • Must be covered under a high-deductible health plan (HDHP)
  • Can have no health coverage other than the HDHP (certain exceptions may apply)
  • May not be enrolled in Medicare
  • Cannot be claimed as a dependent on someone else's tax return

How Do I Provide an Employee HSA?

Wex Health has industry-leading expertise in providing HSA benefits.

If you are interested in providing an HSA benefit for your employees,
call Wex Health at 877-865-8810. Ask to speak to a representative about how you can maximize benefits and add value.


Why Bell

Real people with expertise you can count on. That’s what you’ll find at Bell Bank. We’re local, independently owned and available when you need us.

Gifts That Change Lives

Bell’s unique Pay It Forward initiative has empowered more than $18 million in giving and changed thousands of lives. Check out our stories (but have a tissue handy!).

Looking to build your credit

Looking to Build Your Credit?

Bell’s secured credit card – tied to a savings account – can be a good way to strengthen your finances. Explore the benefits, terms and rewards.

Business Banking Succession Plan Image

Need a Business Succession Plan?

You’ve worked hard to grow your business – but without a strategic plan for passing it on, you leave the future of your enterprise at the mercy of state law.