Health Savings Account (HSA)

Give your employees a place to save for future medical expenses, tax-free. The funds in a Health Savings Account are owned entirely by the individual. This account offers employees a more efficient way to cover healthcare costs with no administrative burden for your business.

Summary

Employer HSA benefits include:

• No administrative burden
• Popular benefit among employees
• Retain employees and help recruiting with this flexible option
• Nominal setup fees apply

Employee HSA benefits include:

• Interest-bearing savings account for future medical expenses
• Earn interest and withdraw funds tax-free*
• Set up direct deposit for tax-free income*
• Quick and easy access to medical savings
• Free IBERIABANK HSA debit card
• Funds roll over annually
• Account not tied to employer

*When used for qualified medical expenses.