Monday, October 25, 2021 - 13:41
It's that time of year when workers are asked to pick their health benefit options for 2022 during an open enrollment period. If your employer offers HSA (Health Savings Account) option as part of its benefits package, don't dismiss it out of hand just because you're not familiar with how they work.
According to Kiplinger, after doing a little research, you might discover that an HSA is the way to go. For many people, HSAs offer a tax-friendly way to pay medical bills. You can deduct your contributions to an HSA (even if you don't itemize), contributions made by your employer are excluded from gross income, earnings are tax free, and distributions aren't taxed if you use them to pay qualified medical expenses. Plus, you can hold on to the account when you're no longer working for your current employer and use it tax-free for medical expenses in at a different job or during retirement.
Wednesday, October 20, 2021 - 09:09

October serves as Breast Cancer Awareness Month and gives us the opportunity to celebrate survivors and remember those we’ve lost. Our staff at Bath State Bank conducted internal fund raisers to help support our local cancer associations. Employees raised $662 after hosting an internal basket bash fund raiser which featured desserts and crafts, and tossed pies in the faces of a few dear co-workers.