Health Savings Account For Physicians

One Rewarding HSA Account

Health Savings Account

Physician Bank’s Health Savings Account (HSA) is an interest-bearing account designed to help eligible individuals save for current and future qualified medical expenses. It is used in conjunction with a High Deductible Health Plan from your insurance provider.

HSA FEATURES

Health Savings Account

  • $50 minimum deposit to open account, waived if regular ACH deposits established at account opening
  • Earn interest on the full balance of your HSA with tiered interest
  • $30 setup fee ($20 setup fee if done online); to be paid at the time HSA is established, may be deferred for up to 30 days

Additional Features and Requirements

  • Variable interest rate may change daily; Interest calculation is based on daily (collected) available balances and is compounded monthly
  • Free eStatements or $4 per month if paper statements are mailed
  • One free debit card (additional cards $10 each); no checks with account
  • Overdrafts & NSF: $33 per item*
  • $30 fee if account is closed within 6 months of opening
  • Transfer money electronically to or from your account…anytime, online**
  • External Transfer: $30
  • IRS corrections: $10
  • Excess contributions: $20
  • Make tax-free distributions from your HSA for qualified medical expenses using:
    • Debit card at merchants and service providers
    • ePay online bill pay
    • In bank withdrawal—$10.00 each
*Overdrawing your HSA will cause the plan to be disqualified by the IRS.
** Please consult your tax preparer for eligibility and contribution limits.

Juanita Schmunk

Physician Private Banker

Juanita Schmunk - Physician Private Banker

Dedicated Support

Custom Solutions

Incentives

Exclusive Bank Account Privileges

Financial tools and services for physicians in all 50 U.S. states. Contact us today to learn more.

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