A health savings account (HSA) is a tax-advantaged savings account that can be established by anyone with a Qualified High-Deductible Plan (QHDP) to pay for medical expenses

Health Savings Account Benefits:

• Flexibility to pay current medical expenses or save for future needs
• Tax-deductible contributions
• Tax-deferred earnings
• Tax-free distributions, if used properly
• Balance carries over from year to year
• Remains with you, regardless of change in coverage or employment

HSA Features:

• Minimum opening deposit of $0
• No set-up fee
• No minimum balance requirements
• No monthly service charge
• Tiered Interest Rates as the available balance in the account reaches designated levels (no interest paid when balance falls below $1,000)
• FREE Debit card
• FREE first order of personalized checks
• FREE internet banking
• Automatic deposits available for employee contributions