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.
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.