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Commercial Business Health Savings Account

Help Employees Manage Their Health Care Spending

As workforces become more educated about the numerous benefits of high-deductible health plans and health savings accounts, offer BMT HSAs as part of a competitive benefit package for your employees.

You and your employees can generally save when you switch from traditional health insurance plans. Let BMT be your banking partner for HSA solutions, providing value and convenience.

What Is an HSA?

A Health Savings Account (HSA) is a special-purpose account used in conjunction with a High Deductible Health Plan. HSAs allow employees to pay current and future qualified medical expenses, including retiree health expenses, on a tax-free basis1. Employees own the money in their HSA; they decide how to spend the money without relying on a third party or a health insurer. There are no investment options for our accounts – only interest tiers.

Employees Manage Their Health Care Spending

  • Pay for eligible medical, dental, and vision expenses conveniently with their BMT HSA VISA® Debit Card
  • Make pre-tax contributions1
  • Manage their HSA account with BMT Online or Mobile Banking tools
  • Unused HSA funds rollover from year-to-year and do not affect their contribution limits
  • Employees retain control and manage everything

At Age 65

  • Contributions stop at age 65 but employees can continue to use the funds for eligible out-of-pocket health expenses. The account can be used to pay Medicare premiums, deductibles, copays, and coinsurance under any part of Medicare. You cannot use the account to purchase a Medicare supplemental insurance or “Medigap” policy.2
  • Once age 65, the account can be used to pay for things other than medical expenses1,2
family at doctor

BMT Health Savings Account (HSA)

  • No application fee
  • No minimum balance requirement; no service charge fee
  • Earns a competitive interest rate*
  • BMT HSA VISA® Debit Card for easy account access
  • Full Mobile and Online Banking
  • Unlimited transactions
  • FREE monthly statements
  • Checks available by request
  • FREE ATM access at any BMT ATM

IRS Contribution Limits2

2021: Individuals: $3,600 | Family: $7,200
Individuals age 55 and over are eligible for an additional “catch-up” contribution of $1,000.

Eligible and Ineligible Expenses

The IRS determines eligible expenses and the list changes occasionally. For the most up-to-date list please visit