Online Banking Login

ENROLL: Online Banking

Health Savings Account Program

Our Health Savings Accounts (HSAs) provide small businesses the opportunity to offer high quality health care coverage at competitive rates. If you own your own business or professional practice, you can use business health savings accounts to offer your employees more options and flexibility when it comes to their health care. Using a business health savings account with a high-deductible health care plan, you may be able to save money on health care costs at your company while offering your employees attractive options.

Similar to medical IRAs, HSAs are portable, tax-advantaged accounts. Used to pay for a variety of health and wellness-related products and services without the disadvantage of a “use it or lose it” policy, your employees’ money is rolled over from year-to-year and grows via interest.

Advantages of an HSA Program

HSA-eligible plans can dramatically reduce health care costs for businesses. These savings may be used to provide employees with a recurring contribution to their HSA, helping to offset their deductible. The employer can realize significant savings while reducing health care cost risks. HSAs also provide a portable pool of funds managed directly by employees.

In addition to the significant cost savings for your company, business HSAs from Centric Bank offer additional advantages:

  • Flexible, easy setup and use. If you're running a business, you don't want to spend weeks trying to determine how to set up an HSA and then spend more time trying to determine whether your team is eligible. At Centric Bank, we provide the support you need to choose the right solution for your company.
  • Better employee satisfaction. Employees and their families are concerned about rising health care costs. HSAs can be a great advantage that help you improve employee satisfaction at your company because these plans allow deposits to stay with the policyholder. Those employees who don't use their HSA amounts every year can rollover their amounts for any future costs. By offering company HSAs, you are offering your employees a great work benefit in their name.
  • Personalized, effective plans. Your company is unique in Pennsylvania, and each of your employees may have different health care cost concerns. At Centric Bank, we'll work with you to develop an HSA program designed to fit the realities of your business and your team, ensuring the greatest return on your investment.

How HSAs Work

HSAs from Centric Bank are combined with high-deductible health care plans. As an employer, you offer HSAs to your employees and allow employees to deposit savings into their HSAs through payroll deductions. Your team members decide how much they want to deposit in their accounts and can change this amount depending on their budget and health care needs.

HSAs are in your employees’ names. When someone on your team needs health care, the high-deductible health care plan will take care of part of the costs, in many cases. Your employees then have the option of using the money in their HSA to pay for what they owe. As long as their account has a balance, they have a tax-protected source of funds for any outstanding health care costs.

HSAs for your employees include the following:

• Unlimited check writing
• Free debit card
• Free telephone banking
• Free online banking
• Free mobile banking 
• Free online bill pay
• Interest earned

Why Centric Bank for Your HSA?

Centric Bank is a committed partner for businesses in Harrisburg and across Pennsylvania. We believe in fully supporting businesses with a range of financial products as well as personalized attention. When small businesses and other Pennsylvania businesses come to us, we don't just offer them cookie-cutter financial products. We take the time to get to know local businesses.

When you entrust us with setting up your HSA, our goal is clear: to help you maximize savings while providing you and your team members with a quality health care option. Our HSA experts will help you get set up with a program that works for your business.

For more information on our Health Savings Account Program, contact your nearest Financial Center.

Deposit Rates