Lighten the Burden of Medical Expenses
A Health Savings Account or HSA is an interest-earning savings account or Certificate of Deposit (CD). Set money aside today to pay for medical care expenses tomorrow.
Benefits:
- Tax free*
- Increase your earnings by keeping a higher balance
- Free HSA Debit Card
- Stays with you between jobs
- Interest compounds and credit monthly
* Consult with your tax advisor for more details.
2025 Contribution Limits:
A Health Savings Account or HSA is an interest-earning savings account or Certificate of Deposit (CD).
- $4,300 single coverage:
Minimum Annual deductible: $1,650
Maximum out-of-pocket expenses: $8,300
- $8,550 family coverage:
Minimum Annual deductible: $3,300
Maximum out-of-pocket expenses: $16,600
- Age 55 and older are permitted to make an additional $1,000 deposit contribution.
Eligibility:
- Covered under a High Deductible Health Plan (HDHP)
- Not enrolled in Medicare
- Not a dependent on another person’s tax return
- You have no other health coverage except what is permitted
