Health Savings Account (HSA)

• Greater personal control over healthcare management and expenses
• Prepare for qualified medical expenses
• Earn interest above standard savings on entire balance
• Receive higher rates on larger deposits
• An HSA provides triple tax savings:
  • Tax deductions when you contribute to your account
  • Tax-free earnings through investment
  • Tax-free withdrawals for qualified medical, dental, vision expenses, and more*
• Contributions are tax-free and can be made by you, your employer, or a third party
• Funds can be withdrawn at any time**
• $10 one-time set-up fee waived with opening balance of $500 or more
• $3 monthly service fee waived for balances of $1,000 or more
• Unused funds remain in account year after year; no "use it or lose it" policy
• Keep your HSA in your name, regardless of career or life changes
• Mastercard® debit card available
• Federally insured by FDIC
• $50 minimum deposit to open

Eligibility

Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine their own eligibility. Please contact your tax advisor for further eligibility requirements.