Health Savings Accounts
The "One-Stop" Solution to Your Healthcare Spending Needs
Columbia Bank offers a Health Savings Account (HSA) program for companies who want to reduce healthcare costs, pay less in taxes, and add depth to their employee benefits program.
To access the online employer portal, click here.
If your employer participates in the Columbia Bank myHSA program, click this link to enroll or access your account.
If you would like to open an HSA outside of an employer-sponsored program, click here.
How it Works
An HSA allows employers or employees to contribute and set aside pre-tax dollars for qualified medical expenses. The account is paired with a High-Deductible Health Plan, reducing plan premiums, easing taxes, and decreasing out-of-pocket healthcare costs.
Benefits to Employers
- Tax savings
- Increase employee satisfaction
- Manage your HSA program with a single payment card, website and administrator
- Integration with existing payroll and HR applications
- Simple, flexible administration tools to meet your specific requirements
- Turn-key implementation with support from Implementation Specialists
Benefits to Employees
- Tax deductions on contributions
- Tax-free account growth through interest and investment earnings
- Tax-free withdrawals for qualified medical expenses
- Lower healthcare premium
- Simple payment card accepted at clinics, hospitals, pharmacies, etc.
- Anytime account access online
- Convenient Bill Pay and direct deposit reimbursement options
- Integrated HSA investment options
- Automated e-mail reminders and notices
To get more detail on the Columbia Bank MyHSA program, contact a Treasury Management Sales Representative at 503-603-8052.
- MyHSA - An interactive demo on the what, why and how of an HSA
- IRS Publication 969 - A complete overview of how you can use a Health Savings Account
- IRS Publication 502 - Learn what qualifies as an itemized deduction
* The (Columbia Bank ) MyHSA is a custody account through U.S. Bank. Funds held in the HSA are FDIC Insured through U.S. Bank.