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Gain control of your healthcare expenses.

Health Savings Account (HSA)

A Health Savings Account (HSA), used in conjunction with a high-deductible health plan (HDHP), allows you to save for future medical expenses. Similar to an IRA or 401k, an HSA can provide many benefits, including favorable tax treatment.

  • Earn tiered interest.
  • Minimum balance to open is $50.
  • $10 account setup fee waived under any of the following conditions:
  • Monthly $2 fee waived under any of the following conditions:
    • Maintain a $500 minimum balance in HSA.
    • Maintain a Butte Community Bank checking account.
    • Register for electronic bank statements (E-Statements).
  • Free initial same-day personalized checks.
  • Free monthly statements with Check Imaging.
  • Free 24-Hour Telephone Banking.
  • Free access to our Online Banking System.
  • Visa Debit Card.
  • $15 yearly administration fee.
  • Consult your tax advisor about deductibility of HSA contributions and charges.
  • A Health Savings Account is owned by an individual or employee. It is not a group plan and does not qualify for joint ownership.

Creating a Business Program

By establishing a Health Savings Account (HSA) program (in conjunction with a high-deductible health plan) in your company, you'll be helping your employees gain control of their healthcare expenses. HSAs are available to everyone and offer advantages, such as:

  • Contribution options.
  • Tax-free contributions and distributions.
  • Flexibility in expense options.
  • Year-to-year rollovers.
  • Personal ownership.

Resources

Revised: 2010-07-22