Health Savings Accounts (HSAs)

Health Savings Accounts (HSAs)
Summary

Just what the doctor ordered — a way to use pre-tax* dollars to pay for qualified medical expenses, like doctor visits, prescription medication, and more. A health savings account works with a high deductible healthcare plan to make sure you get the affordable coverage you need.

And, like a 401K, you own the account. This means the money is yours to roll over year-to-year, whether you need it six — or sixty — years from now.

Details:

  • $100 minimum deposit to open
  • A tax-advantaged* way to pay for qualified medical expenses
  • Must be covered by a high deductible healthcare plan
  • Earn competitive interest on entire balance
  • Contributions can be made by your employer, the employee/individual, or both
  • Funds accumulate year-to-year
  • Easy withdrawal access
  • Access HSA IRS Information

*Consult a tax advisor.