In an effort to protect our employees and customers and adhere to Maine CDC “social distancing” guidelines,

we are offering DRIVE UP BANKING and ATM,

and we will be checking our night drop box throughout the weekday until further notice.

We Are Here To Help.

Branch staff will be available by appointment during regular business hours.

Please call us for assistance, 207-498-8726 or 207-764-6591

How Can I Benefit From An HSA?

Significant tax benefits are provided to individuals with HSAs. HSA’s also provide tax benefits related to paying qualified medical expenses and can provide benefits similar to many tax-favored retirements plans. A summary of HSA tax advantages is listed below.

Tax Benefits
- HSA contributions (by employer or employee) are tax deductible
- HSA earnings are tax-deferred
- HSA assets are never taxed if used for qualified medical expenses
- Unused HSA assets may rollover year to year and accumulate for retirement

Upon death, HSA assets become the property of a named beneficiary if chosen, or the HSA account owner’s estate. A spouse beneficiary may treat the assets as his/her own HSA, while non-spouse beneficiaries must treat such assets as ordinary, taxable income.