Plan ahead to cover unexpected medical expenses or strategize to offset a high annual deductible with our Health Savings Account (HSA). The money you contribute to your account belongs to you immediately.
You decide when and how to spend on qualified medical expenses
Fund your account through
No "Use It or Lose It" Condition
Don't stress about spending it all in a year
Benefits & Features
All eligible contributions are made to your HSA with pre-tax dollars, reducing your taxable income.
No service charges or monthly fees.
Set up payroll deductions or scheduled contributions.
Use your HSA debit card to pay for qualified healthcare expenses.
Convenient access to your HSA through online and mobile banking.
Contribution and Out-of-Pocket Limits for Health Savings Accounts and High-Deductible Health Plans
HSA contribution limit (employer + employee)
HSA catch-up contributions (age 55 or older)
HDHP minimum deductibles
HDHP maximum out-of-pocket amounts (deductibles, co-payments and other amounts, but not premiums)
You can contribute with one-time or recurring transfers from your checking account, roll funds over from another HSA, or even better, set up a payroll deduction option which lets you make pre-tax deductions on a regular basis.
The maximum amount that can be contributed to an HSA varies from year-to-year and depends on self-only coverage or family coverage. Once you reach age 55, you are entitled to make additional annual "catch-up" contributions.
You can open an HSA if:
You have a qualified high-deductible health plan (HDHP).
You don't have any other health plan that is not an HDHP (there are exceptions for certain plans that provide specified kinds of coverage such as dental or vision care).
You're not enrolled in Medicare or other federal or state benefits.
You cannot be claimed as a dependent on another person's tax return.
Better Benefits for Your Business
Need a plan for employees to pay for healthcare expenses? Our HSA is a great option. Get in touch today to learn more.