Health Savings Account (HSA)
Save for future family medical expenses not covered by your high deductible health insurance with a tax-exempt health savings account. Your interest is tax free, and you can easily access your balance to pay for approved medical expenses.
Summary
- Save for future medical expenses
- Earn competitive interest rate
- Contributions are tax deductible
- Earnings are tax exempt
- Use for approved medical expenses
- Access funds online, via checks, or check card
- No maintenance fee or minimum balance
- Transferrable to next job
- No "use it or lose it" rule
- Free e-Statements
- High deductible health plan (HDHP) required*
- FDIC insured
*To qualify for this account, you must have a high deductible health plan, cannot be enrolled in Medicare, and can't be claimed as a dependent on a tax return.