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Health Savings Account

The purpose of a Health Savings Account is to pay, on a tax-free basis, the qualified medical expenses of an HSA owner and his family.

To be eligible for a Health Savings Account, you must generally:

  • Be covered under a high-deductible health plan (HDHP)
  • Not be covered by any other health plan that is not a HDHP
  • Not be entitled to benefits under Medicare
  • Not be eligible to be claimed as a dependent on another person's tax return
  • Minimum Deposit to Open: $100.00
  • One time set-up Fee: $25.00
  • Please See a CSR for Current Rate Information
  • Visa Check Card will be issued for payment of qualified medical expenses
  • Refer to IRS Publication 969 Health Savings Accounts
  • Refer to IRS Publication 502 Medical and Dental Expenses