A HSA is a special account, owned by an individual, used to pay for qualified current and future medical expenses, and used in conjunction with a "High Deductible Health Plan" (HDHP) on a tax free basis. We can help you establish your HSA if you are covered by a high-deductible health plan.
- $5 Minimum Opening Deposit and Minimum Balance
- Tax Savings. Federally qualified HSA contributions can be deducted from your gross income on your federal tax return, even if you do not itemize your deductions; distributions are tax-free if used for qualified medical expenses; and accumulated funds grow with tax-deferred earnings.
- Control. You make all the decisions relating to your account, like whether to save for future expenses or pay current medical expenses and how to invest the funds.
- Portability. You own your account, and it goes with you if you change jobs or retire. Funds remain in the account from year to year, just like an IRA.
ASK US »