Health Savings Accounts

Fee Schedule

What is a Health Savings Account?

• Designed to help individuals save for future qualified medical and retiree health expenses on a tax-free basis
• It's an alternative to traditional health insurance
• It's a savings product that offers a different way for consumers to pay for their health care 
• One must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of an HSA

How does it work?

• Saves Time - You own the account, so it goes where you go, regardless of any job changes. Also, you can contribute at any time during the year and your balance rolls over from year to year.
• Saves Money - Your ability to deduct your contributions and the tax deferral of account earnings enable you to build your account. High health insurance policy deductibles mean lower premiums.

• Protects Your Money - You will have an opportunity to save money to pay high or unexpected medical bills.

   

  Click here to visit the United States Department of the Treasury site to find out if a 
  Health Savings Account is right for you.