Health Savings Account (HSA)
Health Savings Accounts (HSAs) are tax-advantaged accounts that allow you pay for any current medical expenses and to save for any in the future.
Tax Advantages:
Contributions are tax free, earnings are tax free and withdrawals for qualified medical distributions are tax free.
Anyone who is covered by a qualified High Deductible Health Plan (HDHP) and not another health insurance carrier or Medicare may be eligible to open an HSA. If you qualify, stop by one of our branches and we will set you up for your HSA.
HSA SHIP Account:
Save more for your health care with an HSA SHIP account! Our HSA SHIP account allows you to earn higher dividend rates on the portion of your HSA fund that you are saving. Access to funds in an HSA SHIP will require a 90-days written notice. A penalty applies for any withdrawal without the required 90-day written notice.