Health Savings Account (HSAs)

These days, health care is a hot topic. Get ahead of the conversation and sign up for a health savings account with tax advantages. If you're covered by a qualified high-deductible health plan (HDHP) you may be eligible.

A HSA lets you set aside pre-tax* funds exclusively for medical expenses. And like a 401k, the account is yours to use whenever, whether it's 6 months or 6 years from now.

Read more HSA information.

Summary
  • Designed to work in tandem with a high deductible health care plan
  • Must not be enrolled by any other health plan (certain exceptions may apply)
  • Must not be enrolled in Medicare
  • Must not be claimed as a dependent for another individual
  • Set aside tax-exempt* funds to pay for qualified medical expenses
  • Earn interest like regular savings, regardless of your balance
  • Rolls over year-to-year; no "use it or lose it" policy
  • Low $3 monthly service charge
  • Several easy ways to access HSA funds:
  • By checks (First order is free)
  • Free online banking
  • Free Visa® debit card
  • FDIC insured
  • No minimum deposit to open

*Direct deposit from your paycheck will reduce your taxable earnings. If contributions are made after income was taxed, the amount deposited is tax deductible. Consult a tax advisor.


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