Resource Library

First Merchants Bank encourages all customers to double-check their retirement and employee benefit plans following the IRS’s 2023 Cost of Living Adjustments. These adjustments affect maximum contribution levels and dollar limitations for benefits and retirement accounts like your 401K, Health Savings Account, and Annual Compensation Limits, among others.

You have a Health Savings Account (HSA), and even contribute to it regularly – but did you know that, in addition to providing security for medical expenses, an HSA can also be part of a healthy retirement strategy?

Now that you know all about Health Savings Plans and how they benefit you, you may be wondering, “What’s the difference between an HSA and a traditional health plan? Should I choose an HSA or a PPO?”

If you’ve ever enrolled in a high-deductible health plan, you’ve probably been asked if you wanted to sign up for a Health Savings Account (HSA). But what is an HSA, and what’s the difference between an HSA and health insurance? Dahna Sanders, Senior Workplace Banking Representative with First Merchants Bank, is here to help.

Scott McKee, Director of Corporate Social Responsibility with First Merchants Bank, had always thought about adopting a child. “I remember – before I was even married – seeing a documentary about the conditions in what were then Soviet orphanages,” Scott recalled. “And I remember, very clearly, wishing that I could do something to help.”