BUSINESS/AG BANKING
CHECKING
SAVINGS & CDS
SWEEP ACCOUNTS
HEALTH SAVINGS ACCOUNTS
CSB FINANCIAL SERVICES
BUSINESS/AG LOANS
OTHER SERVICES
FINANCIAL CALCULATORS
HEALTH SAVINGS ACCOUNTS (HSAs) 
 
Commercial Savings Bank offers Health Savings Accounts (HSAs) for eligible employees.  HSAs are the latest in tax-exempt medical benefits available to consumers.  Health Savings Accounts are set up by you to pay out of pocket medical expenses.  In order to be eligible for an HSA, you must have a high deductible health plan, you cannot be enrolled in Medicare, you cannot be claimed as a dependent on someone else's tax return, and you must not be covered by another high deductible health plan. 
 
Sole proprietors and others who are self-employed can have an HSA and are, in fact, often ideal candidates for an HSA.  In such situations, the business owner is both employer and employee. HSAs are often advantageous for the self-employed because 
  high-deductible health insurance plans generally have modest premium costs, and may be an effective cost-containment mechanism for the employer, 

  • the employer is protected against potentially catastrophic healthcare expenses, and  

  • the HSA may serve the dual purpose of providing for both medical and retirement expenses.

  • HSAs can provide significant tax benefits to eligible individuals.  Not only can HSAs provide tax benefits related to paying qualified medical expenses, they may also provide benefits similar to many tax-favored retirement plans.
  •  
    Tax benefits include: 
  • HSA contributions - by employer or employee - are excluded from income.

  • HSA earnings are tax-deferred.

  • If used for qualified medical expenses, HSA assets are never taxed.

  • Unused HSA assets may be used for retirement; however, they will   be subject to a 10 percent penalty until the HSA account beneficiary turns age 65.  If not used for medical expenses, they will be subject   to income taxes.
  •  
    Upon death, HSA assets become the property of a named death beneficiary, or of the HSA account beneficiary's estate.  A spouse may treat the assets as his or her own HSA, while nonspouse death beneficiaries must treat such assets as ordinary taxable income. 
     
    Consult your tax adviser for eligibility requirements and deductibility. 
     
     
     
     
    Check out our online banking.  You can view your accounts, check your balances, or transfer funds - and you can do it any time and from anywhere. 
     
    Contact us today to get your account established. 
    712-792-4346  or 
    admin@csbcarroll.com 
     
    See HSA Brochure for additional information. 
     

    FDIC
    SECURITY POLICY | PRIVACY POLICY | PATRIOT ACT
    DISCLAIMER: The bank is not responsible for and has no control over the subject matter, content, information, or graphics when viewing links attached to this bank’s site.

    Optimized for MobileThis site is optimized for display on Handheld Devices. | Visit CSB Carroll Flash Site.