Alliance Bank branches will be closed on SATURDAY July 4th, in celebration of the holiday.
We will have normal business hours on Friday, July 3rd, and will open as usual on Monday, July 6th.

Health Savings (HSAs)

Health Savings Accounts (HSAs) were created in 2003 so that individuals covered by high-deductible health plans could receive tax-preferred treatment of money saved for medical expenses.

You can contribute to an HSA if you:

  • Have coverage under an HSA-qualified “high deductible health plan” (HDHP)
  • Have no other first-dollar medical coverage (other types of insurance like specific injury insurance for accident, disability, dental care, vision care, or long-term care insurance are permitted)
  • Are not enrolled in Medicare (generally, are under 65 years of age)
  • Cannot be claimed as a dependent on someone else’s tax return

Because participation in a Health Savings Account has particular prerequisites, we encourage you to review the government website for clarification.

www.treas.gov/resource-center/faqs/Taxes/Pages/Health-Savings-Accounts.aspx

Features of our HSA product include:

  • $20.00 minimum deposit to open account
  • No minimum balance required
  • No annual fee
  • Free online banking, including bill pay
  • Earns interest at competitive rates
Toll-free Number (888) 287-4094
Email: info@alliancebanking.com
Telephone Banking Number: (877) 472-9247
If your card is lost of stolen, call: (800) 264-4274
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