Health Savings Account (HSA)
Treat the health of your body like the health of your business — expect the unexpected, and prepare in advance.
KEY FEATURES
Tax Savings*
No Setup or Maintenance Fees
Withdraw Funds at Any Time
Details
- Be prepared for medical expenses as they arise
- Works alongside an HDHP (high-deductible health plan)
- Watch your health savings grow with special tax advantages:*
- Tax deductions when you contribute to your account
- Tax-free withdrawals for qualified medical, dental, vision expenses, and more
- Contributions are tax-free and can be made by you, your employer, or a third party
- Funds can be withdrawn at any time
- No monthly maintenance 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
- $100 minimum deposit to open
Eligibility
Adults under age 65, who are covered under a high-deductible health plan (HDHP) and are not enrolled in Medicare, can usually qualify for an HSA. Please contact a tax advisor for further eligibility requirements.
