Any easy and smart way to save for current and future health care expenses while earning interest!
Health Savings Account (HSA) Qualifications:
- Have a High Deductible Health Plan (HDHP)
- Do not have any other major medical insurance coverage
- Are not enrolled in Medicare
- Cannot be claimed as a dependent
Benefits of an HSA
- Earn Dividends on Tax-Free Funds - Your HSA funds earn dividends monthly based on the average daily balance in your Health Savings account.
- Tax Advantaged Savings Account - Consult your tax advisor regarding the tax advantages of a Health Savings Account.
- Convenient Access with Health Savings Account Debit Card - Easily access to your funds with a free Health Savings Account debit card.
- No Fees or Initial Deposit to open Health Savings Account - There are no fees or minimum balance requirements. However, to receive a HSA Debit card a $25 deposit is required.
