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.
*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 However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 10% penalty.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.