Health Savings Accounts (HSA)

  • Easy to access funds
  • Use on medical expenses
  • Tax-free earnings
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Summary

Make sure the next time you're under the weather, you can afford to get treatment with an HSA.

Put funds in this account where it can earn interest tax-free until you need it. Use it on medical expenses when you or someone in your family gets sick or injured.

  • Interest bearing
  • No opening or annual fees
  • Easy to access funds
  • Use it for any approved medical expense
  • Monthly statements
  • Online access
  • Tax-free earnings
Eligibility

You are eligible to make or receive an HSA regular contribution if, with respect to any month, you:

  • Are covered under a high-deductible health plan (HDHP) on the first day of the month;
  • Are not also covered by any other health plan that is not an HDHP (with certain) exceptions for plans providing preventive care and limited types of permitted insurance and permitted coverage);
  • Are not enrolled in Medicare; and
  • Cannot be claimed as a dependent on another person's tax return.