Health Savings Accounts

SAVE FOR FUTURE MEDICAL EXPENSES THROUGH A TIERED-INTEREST ACCOUNT THAT PROVIDES SEVERAL TAX ADVANTAGES.

Pave Union’s Health Savings Account (HSA) features tiered interest rates and offers tax advantages to individuals covered by a High Deductible Health Plan (HDHP). Money you save in this account can be used to pay medical expenses for you and your family members. 

• Contributions are tax-deductible*
• Interest earned on your account is tax-deferred*
• Withdrawals for qualified medical expenses are tax-free*
• Unused funds and accrued interest carry over from year to year without limit
• You always own the HSA, even when you change insurance plans or retire 
• Employers that offer HSA also can benefit. 
• Contributions are considered employer-provided coverage for medical expenses 
• Attract and retain the best employees by offering good health coverage
• Overall health insurance costs are lowered 

* Consult your tax advisor.