Health Savings Account

If you have benefits through a qualified High-Deductible Health Plan (HDHP), a Health Savings Account (HSA) lets you put money aside, tax-free, for healthcare expenses. Unused funds in the HSA are carried over from year to year and continue to earn tax-free interest until you withdraw the funds.

To qualify for an HSA, you must:

  • Be covered under a qualified High Deductible Health Plan (HDHP)
  • Have no other health coverage besides an HDHP
  • Not be enrolled in Medicare or Medicaid
  • Not be eligible to be claimed as a dependent

Benefits of a Traditional Bank Health Savings Account

  • No enrollment fees
  • No minimum balance required
  • Competitive interest rates
  • Free online account access
  • Unlimited Visa Debit Card transactions
  • No monthly service charge