Health Savings Accounts
Easily pay healthcare expenses and save for the future.
Paying for healthcare can be costly and confusing. One method that’s gaining popularity is to have a high deductible health insurance policy (HDHP) paired with a health savings account (HSA).
An HSA is a potentially tax-advantaged account that can help you pay for out-of-pocket medical expenses and save for future costs. These funds can be used for everything from trips to the chiropractor, to eyeglasses, to prescription medications; giving you flexibility on how and where you spend your money.
Making contributions to your HSA may help reduce your taxable income. In addition to the tax benefits, unused funds roll over from year to year, earning interest based on your specific type of HSA and account balance.
Health savings accounts are a smart way to save for medical expenses and invest tax-advantaged money.
- No setup fee
- No monthly maintenance fee
- Interest paid via rate tiers based on balance and credited to your account monthly