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Health Savings Account

A Health Savings Account (HSA) is established to pay for qualified medical expenses not covered by high deductible health plans. To use your HSA for qualified expenses, use your HSA debit card or write a check.
HSA features include:
  • Contributions are tax-deductible. Before-tax income can be used to fund the account for an employer-sponsored plan. 
  • Withdrawals for qualified expenses are tax-free. 
  • Funds grow tax deferred. 
  • At age 65, funds can be used for eligible medical expenses or may be withdrawn at the individual’s normal tax rate for other purposes.

Consult your tax advisor for complete information about your specific situation.

No minimum deposit to open. Monthly service fee of $2. See plan for restrictions.

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