Simple & Smart Health Savings Plans
Keep your body and your finances in good shape. Open an Ubium Bank Health Savings Account (HSA)—a tax-exempt account established exclusively for paying qualified medical expenses—for you and your family or help set one up for your employees.
Sign up! Give us a call at (602) 910-1974.
Good for You and Your Family
- The funds you put into your account are not taxed, nor is the interest you accrue on the account balance. *
- Save more for medical expenses you incur today or in the future, then easily pay for them using your special HSA debit card.
- Use the funds for a variety of medical expenses.
How to Apply
- Provides a lower-cost healthcare insurance option for employees.
- Contributions to employees’ HSAs are not reported as employee income, so you avoid paying FICA.
- If the plan permits employee contributions to an HSA, payroll deductions are made pre-tax so you don’t pay FICA on these amounts either.
Common Questions for Businesses
* For CA customers, see your Tax Advisor