
HEALTH SAVINGS ACCOUNT (HSA)
This tax advantaged medical savings account is available to those who are enrolled in a High Deductible Health Plan (HDHP). The HDHP covers catastrophic illness and injury while the HSA covers routine expenses until your deductible is met.
- Funds contributed to the account are not subject to income tax
- Use this account to pay for qualified medical expenses
- Tiered interest rate or CD
- HSA accounts grow tax-deferred until age 65. Funds can be withdrawn for any non-medical purpose after 65 at ordinary tax rates or tax-free when used for medical care
- Convenient Visa Debit Card for paying medical expenses or low cost checks available
- FREE Online Banking service for reviewing your account information
- FREE 24 hour automated telephone banking
Visit one of our convenient locations today!
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