Health Savings Account

Casa Dorinda Branch Update - The Casa Dorinda branch will be closed October 7^th, 8^th, 13^th, and 14^th. We apologize for the inconvenience.

Casa Dorinda Branch Update - The Casa Dorinda branch will be closed October 7^th, 8^th, 13^th, and 14^th. We apologize for the inconvenience. Learn More

Indigenous Peoples’ Day / Columbus Day - Our offices will be closed October 12th in observance of Indigenous People's Day.

Health Savings Accounts (HSAs) allow you to save and pay for qualified medical expenses with tax-free dollars. Plan ahead and you could save for health care expenses that are not covered by your insurance plan.

These accounts are a great option for individuals or families that are covered by an HSA eligible high deductible health care plan (HDHP). Individuals who have other health coverage, such as Medicare, military benefits, medical FSAs, or are claimed as a dependent on another person's tax return are ineligible.

The Details

Minimum Opening Deposit	$100
Monthly Maintenance Fee	$3
How to avoid monthly fee	$100 minimum daily balance
Interest	Yes¹
Online and Mobile Banking²	Free
Contribution Requirements	There are annual contribution limits for this account depending on your type of high deductible health care plan (individual or family). Qualified contributions are tax-deductible, and interest is earned tax-free. Go to irs.gov for more information or consult your tax advisor.
Distribution Requirements	Distributions before age 65 are tax free only if used to pay for qualified medical expenses. After age 65, HSA funds can be used for any purpose without penalty (only income tax is assessed). Go to irs.gov for more information or consult your tax advisor.
Additional Benefits	HSA funds are portable - they stay with the individual when they change jobs or retire. Money not used in the HSA rolls over year-to-year and earns interest tax free.