Health Savings Account

Health Savings Account

HERE FOR YOU. EVERY DAY.

HERE FOR YOU. EVERY DAY.

We offer health
savings accounts.

We offer health
savings accounts.

Your HSA can help you pay for costs not
covered by health insurance.
Your HSA can help you pay for costs
not covered by health insurance.

We have made it convenient for you to plan for the unexpected with our Health Savings Account (HSA). HSAs are possible through federal legislation allowing you to save, on a tax-favored basis, for healthcare expenses.

We have made it convenient for you to plan for the unexpected with our Health Savings Account (HSA). HSAs are possible through federal legislation allowing you to save, on a tax-favored basis, for healthcare expenses.

These accounts are used in conjunction with a high-deductible health plan (HDHP). You can use your HSA for many expenses including:

These accounts are used in
conjunction with a
high-deductible health
plan (HDHP). You can
use your HSA for
many expenses including:

MEDICAL SERVICES

The HSA covers many medical services such as:

  • Annual Physical Examinations
  • Home Care
  • Hospital Visits
  • Operations, Surgeries and Transplants

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HEALTHCARE PRODUCTS

The HSA covers many healthcare products such as:

  • Birth Control
  • Medicines and Prescriptions
  • Crutches, Wheelchairs and Transportation
  • Guide Dog or Other Service Animal

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DENTAL CARE

The HSA covers many preventative and restorative care adults and children such as:

  • Dental Treatment
  • Operations, Surgeries and Transplants
  • X-Rays
  • Artificial Teeth

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VISION

The HSA covers many vision services such as:

  • Eye Examinations
  • Contact Lenses and Eyeglasses
  • Operations, [Laser Eye] Surgeries and Transplants

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Disclaimer: Carolina Alliance Bank makes available the HSA as custodian only. We recommend that you contact a qualified tax or legal counsel before establishing an HSA.

Disclaimer: Carolina Alliance Bank makes available the HSA as custodian only. We recommend that you contact a qualified tax or legal counsel before establishing an HSA.

The benefits of HSAs

Much like an IRA, an HSA is a way to save more money. Below are the top four reasons
why you should open up a HSA with Carolina Alliance Bank.

R

Tax-Deductible

Money put towards your HSA are
100% deductible — like an IRA.

R

Tax-Free

Use of HSA to pay for qualified medical
expenses are never taxed.

R

Tax-Deferred

Interest earnings are tax-deferred and are tax-free
when used to pay for qualified medical expenses.

R

Your Money

Your unused HSA money is never forfeited,
but continues to grow tax-deferred.

Personal Baking - Health Savings - Find Your Banker

Ready to start?

Visit your nearest branch to open an account or contact your local banker.

Ready to start?

Visit your nearest branch to open
an account or contact your local banker.

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