To help offset the high cost of today’s health care, Alliance Bank offers a smart, flexible solution for both employers and employees. With a Health Savings Account (HSA) from Alliance Bank, employers can provide a cost-effective health care option while giving employees greater security and control over their health care spending. Our Health Savings Account is designed to be an easy-to-understand, easy-to-use way to offset high-deductible insurance costs.
Who is eligible for an HSA?
Anyone can contribute to an HSA if they have coverage under a high deductible health plan that meets IRS requirements, as long as they do not have other first-dollar medical coverage, are not enrolled in Medicare or cannot be claimed as a dependent on someone else's tax return.