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Open your wallet and say ‘Ah…’

Financial and physical health go hand in hand with a health savings account (HSA). Flexible and easy to use, an HSA is a tax-advantaged personal savings account that works with a qualified health plan. If you’re 18 years or older and have a high-deductible health plan, you can make contributions to an HSA and use those funds to pay for medical expenses—or to save for future/retiree health expenses, tax-free.


  • Minimum amount to open: $50
  • No setup or annual fees
  • Earn competitive interest on entire balance
  • Have tax-free contributions deposited directly from paycheck
  • If contributions are made after tax, amount deposited is tax deductible
  • Withdrawals are tax free when used for qualified medical expenses*
  • Money rolls over year to year; no “use it or lose it” policy
  • HSA is not tied to any employer
  • Easy withdrawal access by check, debit, online or teller

*Withdrawals for non-qualified medical expenses are subject to income tax and a 10% penalty. The 10% penalty is waived for people 65 and over or those who have become disabled.

Eligibility requirements

  • Must be covered under a qualified, high-deductible health plan
  • Cannot be claimed as a dependent on another person’s tax return
  • Cannot be enrolled in Medicare

Contribution limits

Contribution limits are set by the IRS. Currently, they are as follows:

  • $3,350 for a single person
  • $6,750 for a family
  • A person age 55 or older may make an additional $1,000 “catch-up” contribution

See current deposit rates.

View Terms and Conditions of Deposit Accounts (PDF).


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