A Health Savings Account is an individually owned tax-exempt account established exclusively for the purpose of paying for qualified medical expenses. An HSA, by nature, is a trust account. HSAs can be funded through a pre-tax salary deduction through a 125 Cafeteria Plan or on an after-tax basis by you, your employer, or both.
EBC has partnered with Cambridge State Bank in order to provide you with a competitive interest bearing HSA account.
For more information on Cambridge State Bank's Health Savings Account, including fees and interest earnings,
visit the Cambridge State Bank website.
For more detailed information on HSA plans and taxes, visit the U.S. Department of Treasury website (type "HSA" in the search field), or talk with your tax advisor.