You own the account.

You have complete control over the money in your Health Savings Account by deciding when and how to use it. Our debit card makes it simple to pay for health care costs directly from your account, or checks are also available. Make tax-exempt contributions to your HSA via payroll deduction, at the bank, online or by mail. Withdrawals are tax free and earnings are tax deferred as long as they are used for qualified medical expenses.* Your money stays with you even if you switch jobs, change medical coverage, become unemployed or retire.

Plan for the expected.

There is no “use it or lose it” rule. You don’t have to worry about spending your Health Savings Account balance all in one year. Whatever you don’t spend is yours to keep, forever. The more you deposit, the more you can earn! Our Health Savings Account is FDIC insured and has tiered interest rates.

Be prepared for the unexpected.

From routine check-ups to unexpected visits, healthcare is a part of our everyday lives. Be prepared for the unexpected by making regular contributions into your Health Savings Account. You also have the ability to accept contributions from your employer.


What is a Health Savings Account (HSA)?

A Health Savings Account (HSA) is a tax-exempt savings plan for people with high-deductible health care plans. With an HSA you can put money aside to save for future medical expenses. There are certain advantages to putting money into an HSA, including favorable tax advantages. You control the money, deciding on how to spend it on your health care needs. Whatever you don’t spend is yours to keep, forever.

Is a Health Savings Account Right for You?

You may want to consider an HSA if:

  • You’re currently participating or are thinking of participating in a high-deductible health plan (HDHP).
  • You’re self-employed or self-insured and want a cost effective HDHP health insurance solution that will help you build financial security.
  • You’re a business owner and want to offer a HDHP alternative to your employees. An HSA may help lower your overall health insurance costs.

What is a High Deductible Health Plan?

A high-deductible health plan (HDHP) is a type of health insurance plan that offers lower monthly premiums than more traditional plans like PPO’s or HMO’s in exchange for a higher deductible.

Who is Eligible for a Health Savings Account?

You’re eligible for an HSA if you:

  • Are covered under a qualified high-deductible health plan (HDHP) on the first day of the month**;
  • Are not enrolled in Medicare (generally not yet age 65);
  • Are not able to be claimed as a dependent on another person’s tax return; and
  • Are not covered by a non-HDHP that provides any benefit that is also covered by your HDHP.

Accounts are Subject to Approval.
*Any person considering opening a Health Savings Account should consult a tax advisor first to determine the tax consequences of doing so.
**Always check with your insurance provider to be certain that the high-deductible health plan you are considering is HSA-qualified.

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