Health Savings Account (HSA)

• Prepare financially for qualified medical expenses
• Receive higher rates on larger balances
• 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• Funds can be withdrawn at any time**
• Avoid the $2.50 monthly service charge fee by maintaining a $2,500 minimum balance in this account
• 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
• Federally insured by FDIC
• $25 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.