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 www.irs.gov.

HSA Plan Requirements and Limits

The following information applies for the year 2025:

Single Coverage

Connect with a personal banker

High-deductible plan requirements

$1,650
- minimum annual deductible²
$8,300
- maximum out-of-pocket expenses³

Annual deductible contribution limits

$4,300
- ($5,300 if age 55 or over⁴)

Family Coverage

Connect with a personal banker

High-deductible plan requirements

$3,300
- minimum annual deductible²
$16,600
- maximum out-of-pocket expenses³

Annual deductible contribution limits

$8,550
- ($9,550 if age 55 or over⁴)

Balance-based interest rates

Your interest rate will be determined by your balance. View rates

Protect and grow your savings

Whether it's for something big or just a rainy day, it's never too late (or too soon) to start thinking about the future. Whatever you're saving for, we have the savings options you're looking for.

Learn more about Personal Savings

Consult a tax advisor

Preventative care need not be subject to the minimum annual deductible.

The limit for maximum out-of-pocket expenses includes deductibles, co-payments and other amounts, but not premiums.

Available to clients who attain age 55 before the close of the taxable year.

See Account Disclosures for additional details.