Health Savings Accounts

Set up a tax-advantaged plan for current or future medical expenses. HSA Bank® is one of the country’s leading HSA administrators. We have set up an innovative solution that works with High-Deductible Health Plans (HDHPs).

Take control of your healthcare savings

All you do is combine your insurance provider’s HDHP with the HSA. You pay lower premiums for your HDHP and use the savings to fund your HSA. Then, use the HSA funds to pay for eligible healthcare expenses or save for retirement.

Benefits

  • Contributions are made with pre-tax dollars, reducing your taxable income
  • Any after-tax contributions you make to your HSA are tax deductible
  • Interest earned on HSA funds is tax free1
  • Unused funds roll over year to year
  • Funds can be invested for the possibility of greater earnings potential2
  • Set up payroll deductions or scheduled contributions
  • Get an HSA Bank Health Benefits Debit Card to pay for eligible healthcare expenses
  • After age 65, HSA funds can be used for any purpose without penalty (only income tax is assessed)

Eligible?

  • You must have a qualified HDHP
  • You cannot be covered by any other non-HSA-compatible health plan, including Medicare Parts A and B
  • You cannot be covered by TriCare
  • You cannot access your VA medical benefits for 90 days before contributing
  • You cannot be claimed as a dependent on another person’s tax return
  • You must have a valid email, Social Security number and a U.S. primary residence

 

 

Educate yourself on the power of HSAs

Benefits of an HSA

What is an HSA?

A Health Savings Account can offer you many benefits, both now and in the future

HSA Tax Benefits

Tax Benefits

If your employer offers payroll deduction, you can contribute to your HSA on a pre-tax basis

HSA Bank, A division of Webster Bank, N.A., Member FDIC

About HSA Bank

HSA Bank is a health savings account (HSA) administrator in the United States

Are you a business?

HSAs are a great way for employees to pay for health-care expenses. Let’s talk about setting up a plan.

Disclosures

¹Earnings are exempt from federal taxes. Most states do not tax HSA earnings. However, state tax treatment varies. HSA Bank does not provide tax advice. Please consult with a tax advisor or the state department of revenue for more information.

²Investment accounts are not FDIC insured, and they are not bank guaranteed. Investment accounts are not a deposit account, or an obligation of HSA Bank, and they may lose value. They are not guaranteed by any federal government agency. Performance data and ratings represent past performance and are not a guarantee of future results. Investment returns and principal value will fluctuate, and investors' shares, when sold, may be worth more or less than their original cost. Brokerage services are provided by TD Ameritrade and DEVENIR, not by HSA Bank.

HSA Bank is a division of Webster Bank, N.A.