Providence Health Savings provides a tax exempt custodial account established by each employee for the purpose of paying or reimbursing qualified medical expenses for him/her and his/her family. This account provides these advantages –
- Easy access to funds for employee via an HSA Debit Card
- NO monthly or yearly service fees
- NO activity charges
- Funds roll over from year to year if you don’t spend them
- Compounded tiered interest paid monthly (higher balances
earn a higher rate of interest) - Electronic Statement