Gilmore Bank No Fee HSA Program
Free Health Savings Account. No set up fees. No monthly fees. No annual fee.
Thank you for choosing GILMORE BANK in setting up your new Health Savings Accounts/HSAs. We're excited to be able to offer you this new product.
Through this website, we will answer your questions about these new accounts, which provide the best means for saving on your health and medical costs and building for your future retirement. Setting up a Health Savings Account using tax-free dollars will be the best investment you can make for yourself and your family. And, as always, Gilmore Bank remains committed to great customer service. Your HSA will be separate from your insurance and have an independent trustee. We have no conflict of interest because we do not sell insurance. No matter which qualified insurance plan you have, your Health Savings Account will remain independent, secure and FDIC insured, saving you money that you can use for real health care expenses. We have partnered with the experts at HSA Clearing to bring you the most up-to-date, informed service available. If you have any further questions or need help with the set-up process for you or your company, please give HSA Clearing a call at 866-HSA-4721. Interested in setting up Health Savings Accounts for your business? Read this important notice. Employers: Setting up a Section 125 POP with the HSA module allows business owners to save matching Social Security (FICA), as well as federal unemployment taxes (FUTA) and generally, state unemployment taxes, on the money employees contribute to their premiums as well as the HSA savings component. Employer tax savings can average 7 to 10 percent. In California the Section 125 payroll deductions reduce the threshold on which workers compensation premiums are levied for even more savings to the employer.
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