Save for health costs you saw coming—and for ones you didn’t.
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Take advantage of tax savings by making tax-free contributions to a Health Savings Account (HSA). Earnings in your HSA grow tax-deferred. Withdraw funds with no tax penalties or liability when you use them to cover qualified medical expenses. The money in your HSA is always yours, regardless of job change or changes in insurance coverage, and it always rolls over from year to year. Individual and family plans are available.
Thinking about retirement? An HSA is a great option for preparing for the future. Once you turn 65, the money in your HSA can be used for non-qualified expenses without the 20% tax penalty. You just pay ordinary income taxes on the funds and use them any way you want.*
- Tax-free contributions
- No tax penalties when funds are used to cover qualified medical expenses
- Avoid the $10 monthly service charge by maintaining a $100 minimum daily balance
- $100 minimum deposit to open
*Consult a tax advisor.