Connecticut Community Bank, N.A., is pleased to announce
the addition of Health Savings Accounts (HSAs) to our product offerings.
HSAs are part of an innovative health care strategy that can reduce insurance
costs, create tax deductions, allow tax-free growth on your deposits, even contribute to your retirement strategy — while allowing you to pay for a broad range of health care needs including dental visits, eye care, alternative medicine, and more!
We have partnered with HealthEquity, Inc., a leading HSA administrator, to provide one of the most superior HSA products on the market, complete with a full suite of the latest health care support and decision tools – all designed to ensure you get the most out of your HSA. To open an HSA you are required by law to have an associated qualified High-Deductable Insurance Policy. *
For more information about click here,
or speak with your local branch manager.
Reduce Your Health Care Expenses
By opting into a qualified high-deductible health plan (HDHP), your monthly premium costs will decrease, and the savings can go into your HSA.
24 Hour Support
Your HSA comes with 24-hour client support from our partner, HealthEquity. You will also have access to an online web portal that provides you with health care decision support tools.
It’s Your Money To Control
The unused balance in your HSA carries over from one year to the next so you never forfeit any money in your account. Deposits that accumulate in your account may be used to supplement your retirement funds.
Tax Deductible Contributions and
Tax-Free Growth
The money you put into your HSA is tax exempt. You won’t have to pay any taxes on the money or interest earned on it as it grows.
More Health Care Options
Money from your HSA can be used to pay for qualified medical expenses, even if your insurance doesn’t cover them. You can use the money to pay for out-of-network doctors, dental work, optometry, even alternative medicine.
 
   
 
  Digital Insight, an Intuit company *To open an HSA the following requirements must be met – You must be covered by a qualified high-deductible insurance policy, you cannot be covered by another insurance plan including Medicare, and cannot be claimed as a dependant on another’s individual tax return. Penalties may be imposed for non-qualified medical expense withdrawals. Other limitations may apply.