Why Choose a Lead Bank Health Savings Account?
With significant tax advantages and easy maintenance, a Health Savings Account (HSA) is the perfect way to make unexpected health expenses less daunting.
- Tax-free earnings
- Funds withdrawn for qualified medical expenses are non-taxable
- Unused funds grow and earn interest with no penalty
- Tax-deductible contributions
How it Works:
Can fund individually or with an employer contribution
Available to individuals who are covered by a high-deductible medical plan
Use to pay non-reimbursed medical expenses (excluding health insurance premiums)
What you need to start a Lead Bank HSA:
Driver’s license or other photo ID
Employer/job title/retirement status
Mailing and physical addresses
Expected withdrawals and deposits