Health Savings Account (HSA)

With the rising cost of medical expenses, people are looking for ways to help curb these costs. Health Savings Accounts (HSAs) are a smart and financially healthy way to save for medical expenses. An HSA is a tax-advantaged savings account designated for covering medical expenses. HSAs enable you to pay for current health expenses and save for future medical and health expenses on a tax-free basis. Unused balances may be carried over from year to year.

HSAs are a tax-favored savings venue for individuals and families covered by a high-deductible health plan (HDHP)*. Contributions are tax-deductible, and distributions are tax-free if used for a qualified medical expense**

  • FREE Health Savings account
  • Easy online/mobile access to account
  • FREE debit card
  • Local, personalized support

* To see if your healthcare plan is HSA eligible, contact your healthcare provider or reference IRS Publication 969.
** Contact your tax adviser for complete details.

Excess Share Insurance Corporation provides up to an additional $250,000 of insurance per membership.

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