Health Savings Account (HSA)

Health Savings Accounts provide a great means for saving for your health and medical costs and building toward your retirement.

A Health Savings Account is a unique tax-advantaged account that can be used to pay for current or future healthcare expenses. When combined with a high-deductible health plan, it offers savings and tax advantages that a traditional health plan cannot duplicate.

With an HSA, You Can Have

  • A complimentary debit card

  • A tax-advantaged savings account for eligible medical expenses, including deductibles, co-insurance, prescriptions, vision, and dental

  • Unused funds that roll over from year to year

  • Savings you own and control in your HSA

  • Additional retirement savings. After age 65, funds may be withdrawn for any purpose without penalty, but may be subject to income tax if not used for qualified medical expenses