Personal Health Savings Account (HSA)

An HSA combined with any HSA compatible health plan provides a smart and cost effective method for you to save and pay for qualified medical expenses tax-free with no use it or lose it restrictions.

Features & Benefits

• $25 minimum balance to open
• No annual fee
• Free distribution by check, VISA Check Card, or BillPay
• No minimum balance to maintain, no set up fee
• Tax-free earnings
• Tax-deductible contributions - no income cap
• Variable rate of return
• FDIC insured deposit account
• Once you turn 65, it becomes similar to a regular IRA
• Withdrawals used for qualified medical expenses remain tax free
• Withdrawals used for nonqualified medical expenses are subject to regular income tax
• Excessive Contribution Fee may be assessed
• No overdrafts allowed, Checking Plus Sweep is strongly encouraged

NOTE: Please consult your tax advisor for more information regarding tax obligations.