BLOGS

You have a Health Savings Account (HSA), and even contribute to it regularly – but did you know that, in addition to providing security for medical expenses, an HSA can also be part of a healthy retirement strategy?

Now that you know all about Health Savings Plans and how they benefit you, you may be wondering, “What’s the difference between an HSA and a traditional health plan? Should I choose an HSA or a PPO?”

If you’ve ever enrolled in a high-deductible health plan, you’ve probably been asked if you wanted to sign up for a Health Savings Account (HSA). But what is an HSA, and what’s the difference between an HSA and health insurance? Dahna Sanders, Senior Workplace Banking Representative with First Merchants Bank, is here to help.

Scott McKee, Director of Corporate Social Responsibility with First Merchants Bank, had always thought about adopting a child. “I remember – before I was even married – seeing a documentary about the conditions in what were then Soviet orphanages,” Scott recalled. “And I remember, very clearly, wishing that I could do something to help.”

Birds will tell you that building a nest is hard work – but the protection and security it provides make it worth it. Is your nest strong enough to protect you from future hardship? In honor of National Savings Day, Dahna Sanders, Senior Workplace Banking Representative with First Merchants Bank, has a few tips on how to tell if your savings account is ready to weather whatever storms life may bring.