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Savvy savers know that stowing away funds for a specific purpose makes it a lot easier to save. A health savings account (HSA) provides a dedicated account for medical expenses and, like a checking account, comes with a debit card to make it easy to spend when you need to.

The best part of an HSA? Unlike other health plans, this account belongs to you — not your employer. So your money remains yours even if you change jobs, and there's no "use it or lose it" policy.

  • Prepare for qualified medical expenses
  • An HSA provides triple tax savings:
    • Tax deductions when you contribute to your account
    • Tax-free earnings through investment
    • Tax-free withdrawals for qualified medical, dental, vision expenses, and more*
  • Contributions are tax-free and can be made by you, your employer, or a third party
  • Funds can be withdrawn at any time**
  • No monthly service fee
  • No minimum balance requirements
  • Unused funds remain in account year after year; no "use it or lose it" policy
  • Keep your HSA in your name, regardless of career or life changes
  • $50 minimum deposit to open


Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine their own eligibility. Please contact your tax advisor for further eligibility requirements.

*The above items may qualify.

*Consult a tax advisor.

**You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 10% penalty.

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