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Mercantile HSA Debit Card

Health Savings Account (HSA) Debit Card

For individuals, HSAs provide a way to set aside funds to pay for medical expenses, both today and in the future. For employers, HSAs provide a means to help control skyrocketing costs.

Alternative to Traditional Health Insurance

HSAs combine a High Deductible Health Plan (HDHP) with a bank account. An HDHP is a plan with an annual deductible of at least $1,200 for a single (self-only) coverage or $2,400 for family coverage.

The HDHP covers catastrophic illness and injury claims for individuals and their families. The bank account is used to cover routine expenses until the deductible is met.

Both individuals and employers can contribute money to HSAs and any money that remains in the account grows tax free from year to year. There are other tax benefits as well. (consult a tax advisor)

HSA Information

For more information, visit the IRS website.

How to Use

Just present this card for your healthcare expenses and the cost is automatically deducted from your Health Savings Account.

Mercantile HSA Accounts

Whether you are an employer seeking the best possible healthcare coverage package for your employees, or an employee desiring the tax advantages and additional safety net provided by a Health Savings Account (HSA), Mercantile Bank offers the right solution with the right benefits.

Learn More about HSAs