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.