Personal Banking/Health Savings

Personal Banking/​Health Savings

Is the cost of healthcare making you sick?

We are all concerned about the cost of health care. The Peoples Bank Health Savings Account (HSA) is one way we’re trying to help you with your Financial Wellness. Our HSA offers you a special opportunity to keep your medical expenses under control.

ACCOUNT DETAILS:

  • A checking account designed to support a high-deductible health plan*.
  • $50 minimum to open
  • $3 monthly service charge
  • Free Debit Card
  • Unlimited transactions
  • Earns interest
  • Online banking
  • $25 set-up fee

Here are some questions and answers about the Peoples Bank HSA.

WHAT IS AN HSA? WHERE DO CONTRIBUTIONS GO? WHAT IF I HAVE A LARGE MEDICAL BILL? HOW DO I SAVE MONEY ON MY MEDICAL BILLS? HOW DOES IT WORK? WHAT ELSE CAN THE PEOPLES HSA BE USED FOR?

 

*For further information please refer to IRS Publication 502 for information on Eligible HSA Expenses and IRS Publication 969 for General HSA Information, or consult your tax advisor.