Business Health Savings Accounts
(HSAs)
Enhance your employee benefits package with Business Health Savings Accounts (HSAs) from Midwest BankCentre. By incorporating HSAs into your benefits program, you can attract and retain top talent while promoting a healthier, more financially stable workforce.
hEALTH SAVINGS ACCOUNT
The “one-stop” solution to your healthcare spending needs.
A Health Savings Account (HSA) is a tax-advantaged account designed to cover qualified medical expenses for employees enrolled in a High Deductible Health Plan (HDHP). By offering HSAs, you can make healthcare more affordable for your employees, helping them manage their medical costs effectively while enjoying the tax benefits associated with these accounts.
- Works in conjunction with a High Deductible Health Plan
- An HSA can help you reduce healthcare costs and add depth to your employee benefits program
- Manage rapidly rising health insurance premiums and give your employees a tool for reducing their out-of-pocket costs
Benefits of HSAs for employers.
Our HSA solution can help you:
- Increase employee satisfaction by providing an intuitive and innovative HSA solution
- Reduce FICA tax liability by encouraging and supporting pretax contributions
- Save administrative time and resources with a secure, easy-to-use employer portal to manage program enrollment and payroll-based contribution processes
- Go paperless with online claims processing, direct deposit reimbursement and electronic statements
- Increase employee engagement and participation by appealing to all healthcare constituents – spenders, savers and investors
Benefits of HSAs for employees.
Our HSA solution helps your employees:
- Increase healthcare engagement with innovative healthcare decision support tools designed to help them manage healthcare spending and HSA activity, plan for future healthcare spending and access important healthcare information
- Plan for future medical expenses or for retirement. We offer integrated investment options to help accounts grow year over year
- Easily manage healthcare spending with debit cards, direct deposit reimbursement and online bill-pay options
- Offset rising healthcare costs with tax-free funds
Healthcare savings made easy.
To get started, contact our Treasury Management team:
[email protected] | (314) 631-5500
If you need assistance or have questions about your account, contact your HSA Account Management team at [email protected] or (887) 891-1022, Monday – Friday, 7:00 a.m. – 7:00 p.m. CT.
The Midwest BankCentre HSA is a custody account through Optum Financial, member FDIC