Why Horizon

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I love the personal feel I get when I walk in and am greeted, “Good Morning, Michelle!” Mike Sarver has been excellent to work with and I trust him. This is very important for small business owners like me.

Michelle Golab
Owner
Topperz

Horizon Bank has helped us secure the high-investment equipment we need to do the best auto repair work possible.This is the equipment that’s necessary for being considered by insurance companies in order to do work for their customers.

Clay Moser
Owner, President
Good Guys Collision

We decided to do business with Horizon Bank largely because of our working relationship with Rob Gardiner. Rob was our representative at a previous bank we had been doing business with for over 20 years. He always proved himself to be very knowledgeable and dedicated to providing us with exceptional service. So when he moved to Horizon, we decided to move with him. Horizon Bank and Rob now continue to provide exceptional service – along with highly competitive rates.

Rick Pietrzak
Owner
Lithographic Communications

We had read some wonderful things about Horizon Bank, their commitment to the community, and their strong SBA loan-origination numbers. That motivated us to contact our local branch. We were so fortunate to meet and know Pat McGinley of the Lincolnway branch. That motivated us to contact our local branch.

Tammy Wendland
President
Plato's Closet

We actually switched to Horizon after I couldn't get an issue resolved with another bank. Within 15 minutes on the phone, a Horizon employee resolved my issue. I had never even met him! They do tremendous work. I am very happy with them.

Bruce Hoover
Owner
Frontier Lawn & Recreation

I was with a bank that was much too large to pay attention to my problems. Horizon came to town right about that time and I found that we were a perfect fit. They found us financing that our old bank was unable to provide and introduced some new technology.

Craig Vestal
Owner
Portage Printing

Horizon is there for you all the time. They've been very good to me. If I've ever needed anything, they've been there for us. The local bank managers are outstanding.

John Hermann
Owner
Carlson's Drive-In

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Business Health Savings Account Options

Horizon Bank Business Health Savings Accounts (HSAs) have the potential to enhance your employees’ benefits packages in significant ways. If your business provides a High Deductible Health Plan (HDHP) for employees, your company is eligible for Horizon Bank HSAs. An HSA, in conjunction with an HDHP, allows your business to share the cost of healthcare benefits with your employees by contributing funds directly to their HSAs. Whether your company is considering an HSA for the first time, or is looking at switching from an existing program, Horizon Bank can help you find the HSA program that fits the needs of your business and satisfies your employees.

Contribute Funds in a Lump Sum or on an On-Going Bi-Weekly or Monthly with no minimum balance requirements
Significantly Reduce Healthcare Benefits Costs
Increase the Value of your Employee Benefits Packages

Note: Beyond the standard contribution limit above, if you are of age 55 before the close of a taxable year, you can also make an additional contribution.

FAQ

What Expenses Qualify to be Paid with an HSA?

Actual medical expenses: prescribed prescriptions, doctor visits, dental care, medical care transportation, etc. Long-term Care health insurance Healthcare coverage: Unemployed or Benefit Continuation Some health insurance after the age of 65 Note: Uses of HSA assets that are not qualified will be subject to taxation and a 20% penalty, unless the HSA account beneficiary is age 65 years or older is disabled or dies.

I'm Self-Employed. Am I Still Eligible for an HSA?

Self-employed people may have an HSA. Self-employed individuals are often perfect candidates for an HSA. HSAs are ideal for the self-employed for the following reasons: Often High-deductible insurance plans contain significant premium costs and HSAs can be a useful cost management resource for the employer The employer will be protected from significant healthcare expenses The HSA may provide for both retirement and medical expenses.

How Do I Report Contributions to My HSA?

Horizon Bank will ensure you are provided with all necessary tax documents for your filing purposes.

Am I Eligible for an HSA account?

You are eligible if you are covered under a high-deductible health plan (HDHP) on the first day of such month. You are not also covered by any other health plan that is not an HDHP (with limited exceptions). You are not entitled to benefits under Medicare (generally not yet age 65) You are not able to be claimed as a dependent on another person's tax return.

What Are the HSA Contribution Rules?

The total amount you or your employer may contribute to an HSA for any taxable year is dependent upon whether you have individual or family coverage under a high deductible health plan. 2019 HSA Contribution Limits: Self Only: $3,500 Family: $7,000. For those 55+ Self Only: $4,500 Family: 8,000.

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