A Health Savings Account (HSA) is an alternative way to save for medical expenses and pay for health care costs. If your insurance policy is a High Deductible Health Plan (often referred to as an HDHP), you can save for qualified medical expenses – doctor visits, prescriptions, dental care and more – and do it tax-free!
|$2 Monthly Fee (Effective March 1st, 2017)|
|Withdrawals for qualified medical expenses and dividends are both tax-free|
|No annual spending requirement|
|Debit card* and checks for easy payment|
*Regarding HSA Debit Cards: Account holders should be making qualified HSA purchases or payments with this debit card, and keeping detailed transaction receipts for tax-related purposes. For this reason, we discourage ATM withdrawals and do not provide surcharge rebates for the HSA account.