Health Savings Accounts
Health Savings Accounts - The tax-exempt way to cut medical costs
A Health Savings Account is a tax-exempt account specifically to pay for medical costs not covered in a high-deductible health plan.
Our HSA provides two checking account options:
- HSA Advantage Checking
- No minimum balance requirement - $5.00 monthly service charge
- Dividends paid on balances over $1,000
- HSA Basic Checking
- No dividends
- Minimum balance of $1,000 required after the first year to avoid $8 monthly service charge
Speak to a representative for complete details on both of these great products.
If your health-plan deductible is at least $1,300 for single coverage or $2,600 for families, you may be eligible. We have no "use it or lose it" requirements, and funds accumulate each year.
Even better, contributions can be tax-deductible up to $3,350 for singles and $6,750 for families. (Over 55 years old: $4,350 single and $7,750 family.)
Check with your health plan administrators to determine their eligibility, then call our Deposit Services Specialist, at 800.242.2120(ext. 10542) or visit any branch for details.