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Health Savings Accounts

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Health Savings Accounts

Open a HSA (Health Savings Account) to start saving for future medical expenses, feel financially secure, and get tax benefits!

What is a HSA?

A Health Savings Account (HSA) combines the protection of health insurance with a tax-advantaged savings account. Because you fund the HSA with pre-tax money, you're using tax-free funds for healthcare expenses you'd normally pay for out-of-pocket. Your HSA contributions don't count toward your taxable income for federal taxes. They're not taxable in most states, as well.

  • Designed for people with high deductible health plans designed to cover medical expenses
  • No Monthly Fees
  • Contributions can be made through Direct Deposit or in a Branch

How Can I Use it?

  • Swipe your HSA MasterCard Debit Card
  • Write a Check
  • Utilize our Online BillPay Service
  • Visit a Branch to withdrawal funds

What Can I Use it For?

  • Doctor's Office Visits
  • Dental Services
  • Eye Exams, Eyeglasses, Contact Lenses and Solution, and Laser Surgery
  • Hearing Aids
  • Orthodontia, Dental Cleanings, and Fillings
  • Prescription Drugs and some over-the-counter (OTC) medications
  • Physical Therapy, Speech Therapy, Chiropractic Visits

Every time you use your HSA, save your receipts in case the IRS asks you to prove that your claim was for a qualified expense. If you use HSA funds for a non-qualified expense, you'll pay tax and penalty on the ineligible amount. 

Visit one of our branches to open an HSA today!

2023 Health Savings Limits
  Single Plan Family Plan
Maximum Contribution Limit $3,850 $7,750
Catch-Up Contribution (55+) $1,000 $1,000
High Deductible Health Plan Minimum Deductibles $1,500 $3,100
High Deductible Health Plan Maximum Out-Of-Pocket Amounts $7,500 $15,000

View Current Rates