A Health Savings Account (HSA) is a tax-advantaged account designed to help you pay and save for qualified medical expenses. An HSA is paired with a High Deductible Health Plan (HDHP) and offers an alternative to high-premium health plans. Find your simple, straightforward solution for health savings with an HSA.
Triple Tax Benefits
HSAs offer triple tax benefits*
- Tax-deductible contributions
- Interest and investments grow tax-free
- Pay qualified medical expenses tax-free
In addition to tax benefits, unused HSA funds roll over and accumulate year to year without limit. After age 65, these funds can be used for qualified medical expenses tax-free. Alternatively, they can be withdrawn for non-medical expenses at tax rates similar to an individual retirement account (IRA).
Visit any of our locations or call (651) 225-2700 or (800) 223-2801 to see if an HSA is right for you.
*Contributions are tax-deductible on your Federal tax return. Some states do not recognize HSA contributions as a deduction. Your own HSA contributions are either tax-deductible or contributed pre-tax, if contributions are made by payroll deduction. See IRS Publication 969 and consult a qualified tax adviser for advice.