Piggy Bank with Stethoscope

Health Savings Account (HSA)

Health Savings Account (HSA)

A Health Savings Account (HSA) is a unique tax-advantaged account that can be used to pay for current or future healthcare expenses.  When combined with a high-deductible health plan, it offers savings and tax advantages that a traditional health plan can’t duplicate.  With an HSA, you can take advantage of these great benefits:

  • Tax-deductible contributions, up to the annual contribution limit.
  • Tax-free withdrawals for qualified medical expenses.
  • Earnings are tax-free when used for qualified medical expenses.
  • Funds remain in HSA from year to year.
  • HSA stays even if you change jobs.

Other details:

  • Open with any initial deposit.
  • No monthly service charge.
  • Competitive interest rate.
  • Receive a free HSA VISA® Check Card.
  • Printed checks can be ordered at the customer’s request and at varying prices.