Health Savings Account (HSA)


Set aside funds for future medical expenses the smart way with tax-advantaged savings.* All cash you put toward your HSA is pre-tax, any interest earned is tax-free, and withdrawals toward qualifying medical expenses are also tax free.

The best part — there’s no “use-it-or-lose-it” policy. Your HSA dollars roll over year after year, so whatever cash you don’t use right away is ready when you need it most. Open yours today. 

  • Greater personal control over healthcare management and expenses
  • Prepare for qualified medical expenses
  • Earn interest above standard savings on balances over $100
  • An HSA provides tax-advantaged savings:
    • Tax deductions when you contribute to your account*
    • Tax-free withdrawals for qualified medical, dental, and vision expenses*
  • Contributions are tax-free and can be made by you, your employer, or a third party
  • Funds can be withdrawn at any time**
  • Funds can be used to purchase CDs within your HSA Plan***
  • No monthly service fee
  • No minimum balance requirements
  • Unused funds remain in account year after year; no "use it or lose it" policy
  • Keep your HSA in your name, regardless of career or life changes

*Consult a tax advisor.
**You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 10% penalty.
***Early withdrawal from CDs may result in penalties


Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine their own eligibility. Please contact your tax advisor for further eligibility requirements.