Pelican can host the Health Savings Accounts (HSA) of your employees who become members of Pelican at no cost to your organization!
If you company offers high deductible health plans (HDHP) with a minimum deductible of $1,400, this is a great way for your employees to pay current medical expenses and save for future medical expenses, including retiree health expenses, in a tax advantaged manner.
Your employees (and you as their employer) may deposit money into the account. Then, they can earn dividends and pay off medical expenses, including regular doctor visits and prescriptions, with ease.
We even provide the required tax documentation to your employees for you!
"We have developed a great partnership with Pelican and appreciate their dedication to our company and employees. Pelican honestly makes us feel like we are their only client with their helpful and responsive nature. We recently changed our HSA vendor to Pelican.
Their team was great to work with and walked us through each stage of the transition. They were also available to come on-site for our annual open enrollment to educate our employees about the change and how their new HSA account would operate. Start to finish, it was a very successful experience!"
-Brooke Olivier, HR Coordinator, Trade Construction
• No monthly service fee
• Monthly dividends
• Free HSA debit card
• Monthly dividends
• Free HSA debit card
• Option to order HSA checks
This account is subject to the annual contribution limits dictated by the IRS. The funds deposited into an HSA account may not be subject to federal income tax. However, if money is withdrawn from the HSA account and not used for medical expenses then the withdrawals may have tax penalties. Credit union membership fees apply.
Fill out the form below to set-up the process for your team today.