Lake Geneva, WI (PRWEB) January 23, 2006
SussexBank a division of Sussex Bancorp, a diversified financial services corporation based in Franklin Borough, New Jersey has begun to offer the new Health Savings Accounts/HSAs.
“With the move to Consumer-directed health plans along with HSAs, SussexBank is proud to be one of the first banks offering a free HSA with no set-up, monthly or annual fees” said President Terry Thompson, “Adding HSAs to our list of financial products allows our business and individual clients to continue to do all their banking with SussexBank.”
“We know from our previous experience setting up financial institutions to offer HSAs, that since SussexBank has decided to offer a free HSA program, they will also be receiving rollover accounts from businesses and individuals who were paying high monthly HSA fees elsewhere” stated Tim Morales of HSA Clearing Corp “When people shop for an HSA provider, they will see value in using SussexBank and that is how they will grow customer loyalty.”
The federal government established Health Savings Accounts/HSAs as part of the “Medicare Prescription Drug, Improvement and Modernization Act of 2003”, and on December 21, Governor Codey signed into law S-2574 / A-4543, which provides for the establishment of HSAs in the State of New Jersey. HSAs were created to allow employers and individuals to contribute tax-free to savings accounts that are then used to pay for routine medical expenses.
For more information on opening a SussexBank HSA, please visit their website http://www.sussexbankhsa.com or call 973-827-2914
SussexBank established in 1975 is an active community lender, providing commercial loans and lines of credit to businesses throughout the region. To meet the needs of our rapidly growing population, The Mortgage Center offers diverse selection of affordable home financing solutions. SussexBank also provides a full range of personal loans and lines of credit, as well as brokerage, investment, trust and other traditional banking services. Contact 800-511-9900
About HSA Clearing Corp
HSA Clearing offers turnkey solutions for financial institutions nationwide to initiate and administrate HSA accounts, which includes their exclusive “HSA Rx Card” for further savings on prescriptions drugs. For more information on this program, or the other benefits of using HSA Clearing Corp, please call 262-348-1300 or visit the website at http://www.hsaclearing.com
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