Health Savings Account
Union Bank’s Health Savings Account (HSA) provides eligible individuals a tax-deductible means to save for qualified, out-of-pocket medical expenses. A Union Bank HSA carries no set-up fee or monthly service fee and earns interest on a variable, tiered-rate schedule with interest paid on all balances. Interest earned on funds in the HSA is tax-free when used to pay for qualified medical expenses. Interest is earned on a daily basis on account balances of $300 or greater.
You can use your Union Bank HSA Debit MasterCard to pay for qualified health care expenses. Online banking and our feature-filled mobile app give you easy access to your healthcare savings account so you can track your balance and medical expenses. You can also pay your medical bills online. Check images are included with your monthly eStatements or paper statements to help you with account management.
When you need help from a friendly face, Union Bank is just around the corner. Union Bank serves Northern Vermont and New Hampshire, with 18 branch locations conveniently located throughout Berlin, Fairfax, Hardwick, Jeffersonville, Johnson, Jericho, Lyndonville, Morrisville, St. Albans, St. Johnsbury, Stowe, Williston, Groveton, Lincoln, and Littleton. We’ve served the people and businesses in these communities since 1891.
Speak with your employer’s human resources department to learn about all the benefits a Health Savings Account can offer to help defray the costs of high-deductible health insurance.
An HSA also includes Online Banking and Bill Pay, eStatements and Mobile Banking.
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