Health Savings Account

When it comes to health care, nobody likes surprises. With an HSA, you'll be better prepared for the unexpected because every dollar you put in is tax-free1 and rolls over year-to-year — giving you more control over medical expenses.

Manage Increasing Healthcare Costs

If you have a high-deductible health plan (HDHP), you can set aside funds tax-free1 in an HSA to pay medical expenses. Unlike a flexible spending account, you don't lose money if you don't spend your contributions within the calendar year. Features include:

  • Low opening deposit of $100 + a low setup charge
  • No monthly service fee for balances greater than $0
  • No transaction charges
  • HSA Debit Card offers convenient payment method
  • Unlimited check writing

HSA Eligibility

To be eligible for an HSA, you need to meet the following criteria:

  • Not enrolled in Medicare
  • Not claimed as a dependent on another’s tax return
  • Don't have additional health coverage that isn’t a qualified HDHP
  • Are covered by an HSA-eligible HDHP

Qualified Medical Expenses

Individuals and/or employers set aside funds in an HSA to pay for out-of-pocket medical expenses, including:

  • Doctor and dentist visits
  • Prescriptions
  • Transportation to receive medical care
  • Qualified long-term care premiums
  • Health premiums when you are unemployed or over age 65
  • Hearing aids, eyeglasses and LASIK

For a complete list, visit

HSA Plan Requirements and Limits

The following information applies for the year 2021:

Balance-based interest rates

Your interest rate will be determined by your balance. Interest Rates and Annual Percentage Yields are accurate as of August 25, 2021. Rates may change without notice. Fees may reduce earnings and interest rate may change after account is opened.

  • 1 Consult a tax advisor
  • 2 Preventative care need not be subject to the minimum annual deductible.
  • 3 The limit for maximum out-of-pocket expenses includes deductibles, co-payments and other amounts, but not premiums.
  • 4 Available to clients who attain age 55 before the close of the taxable year.
  • See Account Disclosures for additional details.