Health Savings Accounts (HSA)

A health savings account can help you stay on top of health care costs while providing you tax-free savings.

How it works:

     1. Pay lower premiums with a higher deductible health plan¹ (HDHP).

     2. Pay higher deductibles (when you have medical expenses).

     3. Make tax-deductible HSA contributions².

     4. Pay your medical expenses with tax-free HSA withdrawals.

You can make tax-free withdraws from your HSA to pay for qualifying medical expenses.  This includes most medical, dental and vision expenses as permitted under federal tax law.  Complete information on HSA accounts can be found at the U.S. Department of Treasury HSA Resource Center.

We make it easy for individuals or businesses
to establish a HSA plan.

Accounts can be opened at any branch location or we can come to your business to set up accounts for your staff.  HSA accounts are made simple by offering a no fee and high interest earning account.  

• $0 monthly or annual service fees
• $0 balance to maintain
• Free checks
• Free VISA ® Check Card
• Free Online Banking
• Free E-Statements
• Earn a high rate on all balances

¹ High deductible health plan limits for 2011 & 2012: $1,200 for individual coverage and $2,400 for family coverage. 

² HSA Contribution Limits for 2012: $3,100 for individual coverage and $$6,250 for family coverage. Add $1,000 for age 55 or older.