HSA

Where Can I Get An HSA?

​Any good business knows an investment in their employees is an investment in the company. Considering a health savings account (HSA) for your employees? Created for helping cover out-of-pocket medical expenses, Health Savings Account (HSA) is a type of personal savings account that you can offer to employees who are covered by qualified high-deductible health plans (HDHPs). The purpose of an HSA is to help your employees save costs when it comes to paying for medical.

A health savings account for employers is part of a competitive benefits package that can help you attract and retain valued employees, which in turn strengthens your business for a beneficial end game. Learn more about the advantages of an HAS can bring and why you should open yours with Commercial Bank. Set your HSA group up and contact our health savings department today!

Benefits of a Health Savings Account

Still on the fence about offering HSA for your employees? The advantages below may convince you.

• An HSA can pay for more than just a simple doctor visit checkup. Pay for dentist visits, vision care, mental health visits, and prescriptions with funds from your personal HSA. 
• Many parties can contribute to an HSA—not just you as an employer. 
• HSAs are typically tax-exempt and not subject to federal or state income taxes. Contact us to learn more about HSAs and taxes.

Commercial Bank Health Savings Account Features

• No Minimum Balance
• $3 Monthly Maintenance Fee
• No Set Up Fee
• Direct Deposit Available
• Unlimited Deposits and Withdrawals
• VISA^® Check Card to pay for medical expenses at your convenience
• Monthly Statement or e-Statement
• Online Banking

Contact Commercial Bank of Michigan to learn more about our employer-sponsored HSA account options today! Protect your employees by investing in health savings accounts with Commercial Bank. If you’re looking for everyday business banking accounts, check out our business checking services.