News & Announcements

Health Savings Accounts

Open a Health Savings Account (HSA) to save for medical expenses, feel more secure, and get tax benefits. Plus, build savings for future qualified medical and retiree health expenses.

  • Easy Access - use a debit card to pay for qualified medical expenses
  • Account Tracking - monitor your HSA spending through online banking
  • No "Use it or Lose it" Rules
  • No Minimum Balance Requirement & No Fees
  • Tax-Related Perks
  • Earn Dividends

What is an HSA?
An HSA is a savings account that allows you to put money aside on a pre-tax basis for qualified medical expenses. It can only be used if you meet the qualifications below. These accounts earn dividends, and your money rolls over from year to year if you don’t spend it.

Who Qualifies for an HSA?
There are health benefit requirements to qualify for an HSA. We recommend consulting with a qualified tax adviser to find out if you qualify.

Contribution Limits
These requirements can change each tax year. For 2018:

  • Individual with no less than a $1350 deductible $6550 out of pocket cap
  • Family plan with no less than $2700 deductible and $13,300 out of pocket cap

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