gulf coast bank logo
HOME PERSONAL BUSINESS E-BANKING ABOUT US
LOCATIONS CONTACT WEALTH MANAGEMENT GULF COAST BUSINESS CREDIT
 
 
New to Online Banking? Sign Up

HOME
PERSONAL BANKING
Checking Accounts
Savings Accounts
Personal Loans
Overdraft Services
Fraud Protection Center
Other Services
BUSINESS BANKING
WEALTH MANAGEMENT
CUSTOMER RESOURCES
E-BANKING
TRUST SERVICES
TUITION LENDING
MORTGAGE
ABOUT US
 
fraud protection center
like us facebook like us google plus like us linkedin like us twitter like us youtube
    HEALTH SAVINGS
HEALTH SAVINGS
Gulf Coast is one of your local providers of Health Savings Accounts. A Health Savings Account can be used in conjunction with a high-deductible health plan to help take control of rising medical costs.
You must be participating in a high-deductible health plan to qualify for a HSA. As part of this plan, you pay as you go for medical expenses until you have met the health planís deductible. When you have reached the deductible, your health plan will pay for the majority of health care for that year.
Tax Savings
Contributions as well as distributions are tax free as long as the funds are used for qualified medical expenses.
Retirement Savings
Your HSA balance will roll over each calendar year and accumulate to use for future medical expenses. If you donít spend the money on healthcare, the money keeps earning interest and accumulating to be used as supplemental retirement income.
Individual Control
You own this account, not your employer or health care provider. You can even take your HSA with you from job to job to retirement. Your individual contributions are limited to your individual health plan deductible, with a maximum of $3,250 for individuals and $6,450 for families in 2013 and $3,300 for individuals and $6,550 for families in 2014.
In some instances, your employer may even contribute to your HSA as part of your companyís benefit package.
Call 985.249.7264 or email kenfernandez@gulfbank.com for more information and to see if you qualify for a Health Savings Account.
           
           
 
© GCB&T 2013 Privacy Policy Internet User Agreement Security Statement Online Security Best Practices Identity Theft