Save money, earn interest AND take advantage of the benefits you get on your income taxes!
- Contributions may be tax deductible
- Earnings grow tax deferred
- Distributions for qualified medical expenses are distributed tax free
- Employers can make contributions
- Funds do not need to be used by the end of the year; they roll over from year to year.
- May contribute up to $2,850 for a single coverage or up to $5,650 for family coverage
- Only available with a qualifying high deductible health plan ($1100 for self-only coverage and $2,200 for family coverage)*
| Health Savings Account Features |
| Minimum Amount to Open |
$100 |
| Minimum Balance to Avoid Service Charge |
None |
| Transaction Charges |
Free Unlimited Transactions |
| Earn Interest |
Yes, compounded daily and paid monthly |
| Free Checks |
Yes on select styles |
| Visa Debit Card |
Yes, with no annual fee |
| Added Benefits |
Free Online Banking
Free Online Bill pay
Free 24-Hour Telebanker
Make deposits and withdrawals at the teller line
|
| Check Images with Statements |
Yes |
| Age Restriction |
Must be at least 18 years of age |
*Consult your tax advisor and insurance provider for details.
