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Health Savings Account (HSA)

A specialized account just for medical expenses.

Apply at a Branch
A happy woman post-workout, looking at her phone and drinking a green smoothie

A savings account for medical expenses.

Individuals and families covered under a high-deductible health plan can deposit tax-exempt money into a Health Savings Account, and use it to pay for doctor’s visits, eyeglasses or other qualified medical expenses, tax-free.1

Qualified medical expenses2 include expenses incurred on behalf of the HSA owner, spouse, or dependent after an HSA has been established. The expenses cannot be covered by any health plan and must be paid by the HSA owner, spouse or dependent.

To qualify for an HSA account, the individual must be covered by a High Deductible Health Plan (HDHP), which satisfies both annual deductible and an out-of-pocket expense requirement. HSA accounts are generally not covered by any health plan that is not an HDHP, and HSAs do not cover individuals enrolled in Medicare or who are claimed as dependents on another person's income tax.

Account Summary

  • $0 minimum deposit to open account
  • Earns interest, tax deferred
  • Free Visa® Debit Card and unlimited checks
  • 24/7 online and mobile account access with free bill pay
Apply at a Branch

Important Information

View Deposit Agreement (PDF)

1 Consult your tax advisor regarding the tax advantages of a Health Savings Account.

2 If an HSA distribution is not used for a Qualified Medical Expense, the distribution amount will be included in income and a 20% penalty will be assessed. This penalty is waived upon death, disability or attaining age 65.

3Rates may change after the account is opened.  Fees may reduce earnings on the account.