Health Savings Accounts
American Patriot Bank is pleased to offer Health Savings Accounts to both groups and individuals with qualifying high deductible health plans. Health Savings Accounts are an excellent way to pay for health care and provide tax savings. They also allow you to take health care spending back into your own hands.
Health Savings Accounts are tax-exempt accounts that allow you to accumulate savings tax free to pay for qualified medical expenses. This account allows you to have an affordable premium without risking your insurance protection. Balances held in a HSA will automatically roll over from year to year. Patients are free to choose their own physician, which gives them more flexibility. Health Savings Accounts can also be used to supplement income at retirement or in case of disability.
American Patriot Bank can offer you Health Savings Accounts with investment options to fit your needs. HSA funds are held in a convenient interest bearing checking account. Debit cards are also available. A key feature of the HSA is that unused funds accumulate over the years for your future needs.
Opening a Health Savings Account is easy! For more information on our Health Savings Accounts, please contact one of our convenient locations.