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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
    • Valuable member enhancements
    • 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

See our HSA brochure for complete details on both of these great products.

If your health-plan deductible is at least $1,250 for single coverage or $2,500 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 $3,300 for singles and $6,550 for families.

Check with your health plan administrators to determine their eligibility, then call our Deposit Services Specialist, at 607-754-7900 (ext. 10542) or visit any branch for details.

Balancing Rising Health Care Costs