Health savings accounts

Both employees and employers can benefit from our innovative health savings accounts. HSAs are savings tools with many features similar to IRAs, but give employees the opportunity to pay their medical expenses with tax-free money.

Better savings for your team’s health

Offering a health savings account-compatible health plan may better benefit your employees — and your business.

HSAs are a low-cost, low-premium health plan option that, at a minimum, provide protection against high medical bills. Employees generally are eligible for an HSA if they are covered by a high deductible health plan (HDHP), not covered by any other health plan (with limited exceptions), not enrolled in Medicare, and not eligible to be claimed as a dependent on another person’s tax return.

PeoplesChoice Checking with SpendShield has it all.

A FREE checking account with no monthly fees, the lowest overdraft fees in Maine, and a safety net when you need it most. With PeoplesChoice Checking, you’re guaranteed the flexibility and freedom you need to keep your cash in check. Features like free mobile banking, direct deposit, and more get you what you want, when you need it.