Who is eligible
Individual HSAs are available to those who also participate in a qualified High Deductible Health Plan (HDHP) for major medical expenses.
Depending on your plan (single or family), you may contribute up to the maximum limits as set by the IRS annually.
Opening an account
Opening an HSA account is easy. Simply complete the online application and contact one of our bankers who can assist you with the process. Since an HSA is an individual account, you may not hold it jointly with another person. However, you may appoint a Power of Attorney such as a spouse. And though you hold the account individually, all eligible members of your family can benefit from it.
Pay less for an HDHP and use the premium savings to fund your HSA.
Your money is in your hands. You get to decide whether to save it or use it for medical expenses. You can also choose which expenses to pay from the account.
The money you save, stays. Your HSA is a lifetime account which is not tied to any one health plan or employer.
HSA funds can be used for a wide range of healthcare-related expenses not typically covered by other healthcare accounts, such as purchasing long-term care insurance. See IRS Publication 502 for information on eligible HSA expenses and IRS Publication 969 for general HSA information.