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Health Savings Accounts

A Health Savings Account (HSA) is a savings account designed to assist individuals in saving for future medical and health expenses on a tax-free basis. Used in conjunction with a High Deductible Health Plan (HDHP), the money saved in the HSA can be used to help pay the high deductible or other qualified medical expenses.

  •  NO set up fee!
  •  Contributions are tax deductible
  •  Distributions can be taken at any time
  •  Account earns a competitive rate of interest contact us for current rates
  •  FREE Debit card available


  • Eligibility
    • Who's eligible?
    • Those who are covered by a High Deductible Health Plan.
    • Those who are not enrolled in Medicare
    • Those who are not a dependent on someone else’s tax return (ie: children may not form their own HSA)
    • There are no income limits and no income requirements on who may contribute to an HSA.
    • What health coverage plans are allowed for eligibility on an HSA?
    • Dental care, accident and disability, vision care, long-term care insurance, and specific disease or illness insurances are allowed
    • Employee Assistance Programs, disease management program, or wellness program. (These programs cannot provide significant medical care or treatment benefits)
    • Drug Discount Cards
    • Eligibility for VA Benefits (cannot have received VA health Benefits in the last 3 months)


  • Contributing to your HSA
    • Annual HSA contribution limits are set for each year; see IRS guidelines
    • Those who become newly eligible for a HSA during the year are entitled to the maximum contribution of the year (must remain eligible beginning December 1 of the year becoming eligible and ending on December 31 the following year).


For More Information Contact a Personal Banker at (406) 495-2400