Triple Tax Savings - on Contributions, Earnings and Distribution.
A Health Savings Account (HSA) is an IRS-approved plan for employees with a high deductible health plan (HDHP) to set aside money for qualified medical expenses. FBMC’s PremierHSA is a personal account established in a custodial bank. There are no taxes on contributions, earnings or qualified distributions. Employees may contribute based on their coverage with the underlying HDHP. FBMC also offers PremierFSA – Limited as an excellent companion for HSA accounts. Participants can access their funds via payment card or check.
