Health Savings Account
Enrolled in a high deductible health plan (HDHP)?
You may be eligible for the benefits an HSA provides:
~ Paying for medical expenses & deductibles with pre-tax dollars? That is like getting a 20-30% discount on services rendered, depending on your tax rate!
~ You own your HSA. It does not belong to an insurance company or employer. Changing jobs? You take your HSA!
~ Benefits of the HSA cannot be lost. This is not a “use it or lose it” benefit if contributions are not used for expenses within the same calendar year.
~ You can use HSA’s for your retirement planning! After the age of 65, you can withdraw funds from your HSA penalty-free for any purpose. You will pay income tax on the withdrawal at that time if it is not used for healthcare; but it can fund that vacation you always wanted to take!
Our Health Savings Account:
~ No setup fee
~ No minimum to open (the first contribution opens the account)
~ Interest paid on account balance
~ Monthly electronic statements
~ Debit card access
~ Online and mobile banking access