Consumers National Bank

Business Health Savings Account (HSA)

Whether you need a health savings account for a small business or a larger organization, we provide competitive options tailored to your needs. Our Business Health Savings Account is designed to help companies give employees tax-advantaged savings for medical expenses. The HSA is employee-owned, with pre-tax deductions giving your staff access to every dollar saved. Learn more about our mission and commitment to businesses by visiting our About Us Page.

Sign Up

$50

 

Minimum deposit to open

Available for

High Deductible Healthcare Plans (HDHP)

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What's included

Open your Ohio bank health savings account today and empower your staff to manage healthcare costs effectively:

Interest calculated daily, compounded and paid monthly

Tiered rates to maximize earnings

Access to funds via check, check card, or online banking

Provide employees with a tax-advantaged* way to pay for qualified medical expenses

Additional Features

Link automatic deposits from other Consumers accounts

Employee ownership enables transfer, not subject to contribution limits

Roll-over annually without loss of funds or capped by contribution limits

Access to online banking and bill pay

Catch-up contribution beyond annual contribution limits available for staff age 55 or older

Eligibility

Members of your staff who meet the following conditions are eligible to participate in a Health Savings Account program.

  • - Under age 65
  • - Have coverage through a High Deductible Health Plan (HDHP)
  • - Have no other first-dollar medical coverage
  • - Not a dependent on another’s tax return
  • - Have no other health insurance coverage such as a non-HDHP plan or Medicare

*Consult your tax advisor.

 

 

Person managing business finances on a laptop, checkbook, and documents, representing money market account activity.

Still Have Questions?

Talk to an expert:

REQUEST INFO

Connect with our expert team of bankers now to open a Consumers Health Savings Account and invest in your team’s future well-being.

Call us to open your account by phoneCall us to open your account by phone

(800) 948-1262

Open an account at one of our 19 branchesOpen an account at one of our 24 branches

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