Health Savings Account (HSA)
An HSA is a personal account you can contribute to and draw from to pay for many out-of-pocket medical costs like doctor visits, prescriptions, vision, and dental care.
Opening an HSA account is easy. Simply contact your local branch and an advisor can assist you with the process. Since an HSA is an individual account, you may not hold it jointly with another person but all eligible members of your family can benefit from it.
- No account minimums
- Special HSA Mastercard® debit card
- Contributions are tax-deductible
- Balance rolls over each year
Who is Eligible?
Individual HSAs are available to those who also participate in a qualified High Deductible Health Plan (HDHP) for medical expenses.
Making contributions and growing your account.
Depending on your plan (single or family), you may contribute up to the maximum limits as set by the IRS annually. You can make contributions and grow your account through Direct Deposit, online transfers from a personal checking or savings account, or rollover funds from another HSA. A transfer fee of $30 will be assessed if you move your HSA to another institution.
Advantages of an HSA
Save On Medical Treatment
Cover Medical Expenses
Control Your Account
Keep Your Money
(HSA) Health Savings Account FAQs