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.