Baylake Bank. Helping Build the Good Life. Member FDIC.

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Health Savings Account. Benefits for Business Owners and their employees

If you are considering, or already have a High Deductible Health Plan (HDHP) to reduce your insurance costs, a Health Savings Account is the perfect complement for your employees.

HSA HomeQualificationsHSA GuideBusiness Owners


An attractive employee benefit package greatly increases recruitment and retention savings for your business. And since health care is one of the hottest topics on the list of must-have benefits, Health Savings Accounts (HSAs) can help you ensure that your business stands out from competitors.

HSAs offer you and your employees more options in healthcare – from selecting providers, to allowing a wide range of qualified expenses that can be paid for by tax-advantaged distributions.*  Baylake Bank HSAs can help both you and your staff with advantages such as:

• No monthly administration fees
• No employee enrollment fees to set up a Health Savings Account
• No cost educational seminars for your employees, with initial implementation as well as support
• Choice of a variety of HSA investment options
Adobe Reader needed View HSA brochure Frequently Asked Questions

*Consult your tax advisor

Mary BorleeAre you a business owner who offers a high-deductible health care plan to your employees? Let Baylake Bank help! We provide turn-key employee educational programs about Health Savings Accounts as well as offer on-site account Health Savings Account opening at your place of business.

Contact Mary Borlee today for more information at 920-431-3687 or toll-free at 1-800-580-4440.
 

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TESTIMONIAL
Smet Construction Services

RE:  HSA enrollment and Employee Education Series

Dear Sam, Mary, and Michelle,

Smet Constructions Services would like to thank all of you for the value that you have added to our organization. We should have taken you up on your offer sooner!

The assistance provided through the HSA implementation and enrollment was well-organized and easy to understand. It is my understanding that we achieved 100% participation of eligible enrollees and they all chose Baylake Bank's HSA program.

Our employees continue to discuss the beneficial information provided by Baylake Bank's security officer as part of the Employee Education Series, security/fraud training. The program clearly had a positive, lasting impact on our employees.

Our management team had a slight hesitation initially that program could be construed as a "sales pitch," but they have been nothing of the sort.  The program series offers a wide variety of value added/educational topics for the company to choose from. We look forward to future presentations. Thank you once again!

Sincerely,
Paul B. Belschner, VP/CFO
Smet Construction Services Corp.