Health Savings Accounts
Health Savings Accounts (HSA) were created to help you manage your health care expenses without risking health care coverage.
please contact a Personal Banker.
An HSA gives eligible individuals the option to establish a tax-exempt account where funds can be deposited to pay for medical expenses up to the deductible amount or for expenses not covered by the health insurance plan. One of the tremendous benefits of an HSA is the ability for the funds to accumulate from year to year if they were not needed for medical expenses, allowing the individual to "bank" funds for medical needs.
If you're a participant in a High Deductible Health Plan (HDHP), you would benefit from considering a Health Savings Account. An HDHP is a health insurance plan with an annual deductible of at least $1,200 for self-only coverage or $2,400 for family coverage.
For rate information, please contact a Personal Banker at one of our 11 convenient offices.
