Health Savings Account (HSA)
Core Bank offers comprehensive health savings account solutions that perfectly complement many current employee health plans. Talk to a member of our personal banking team today to learn more, or simply apply online!
Meeting Your Health Savings Needs
If your company’s group health benefit plan is a High Deductible Health Plan (HDHP), our HSA plans can offer your employees a way to manage their contributions.
At Core Bank, we offer a streamlined way to move money from direct deposit payments directly into your HSA so that you always have money stashed away should you ever need it for routine medical care or unexpected health needs.
Benefits of Using a Core Bank Health Savings Account
- No minimum balance account option.
- Local community bank account means access and personalized service for you and your employees
- Contributions are tax-deductible, reducing the tax exposure for both employer and employee.
Who is Eligible to Participate
You are eligible for an HSA account if you meet this criteria:
- Covered under an HDHP
- Not entitled to benefits under Medicare
- Not able to be claimed as a dependent on another person’s tax return
How to Get a Health Savings Account
You can get an HSA account by visiting one of our branches or get in touch with our personal banking team today to learn more about your options for setting up an HSA solution!
HSA FAQs
How do I open an HSA?
Opening an HSA at Core Bank is simple, select the “Open An Account Today” button above and create a new online account, or log in to your existing online banking account to begin your application. To learn more about our Health Savings Accounts call, (402) 333-9100 or visit any of our locations.
How do I qualify for an HSA?
You qualify for a Core Bank HSA (Health Savings Account) if your health insurance is a High Deductible Health Plan, you are not enrolled in Medicare, or you can’t be claimed as a dependent on someone else’s tax return.
Are HSA contributions tax deductible?
Yes, all contributions made to your Core Bank HSA are tax deductible, reducing the taxes for you and your employer. Please contact your tax advisor for additional information regarding how an HSA may affect your taxes.
What can I use an HSA for?
Your Core Bank Health Savings Account can be used for a variety of medical expenses. Some of the most common costs covered by an HSA are copays, deductibles, coinsurance payments as well as dental and vision treatments, doctor’s visits, surgery, hospital care, hearing aids, prescriptions, vaccinations, and family planning. To learn more about how you can use your HSA effectively, call us today!
Do HSA funds rollover?
Yes, any unused HSA contributions rollover automatically to the next year. This benefit is unique to Health Savings Accounts, unlike Flexible Spending Accounts (FSAs) and Health Reimbursement Arrangements (HRAs).
Find a Core Bank Near You
Core Bank proudly offers personal and business banking solutions made for you. With banking centers in Omaha, Overland Park, and Mesa, we’re here to help you borrow and save confidently. Discover your nearest Core Bank today!