The tax-exempt way to cut medical costs.
Introduction
A Health Savings Account is a tax-exempt account specifically intended to pay for medical costs not covered in a high-deductible health plan (HDHP).
Are you enrolled in an HDHP? If yes, then it's time to explore options like our HSA Flex Checking and find out if you're eligible to start saving money on qualifying medical expenses.
Check with your health plan administrators to determine your plan's eligibility, then visit a branch or call us at 800.242.2120 for more details.
HSA Flex Checking
Speak to a representative for complete details about our HSA Flex Checking.
Including:
- No monthly service charge
- No minimum balance required
- No dividends
- Unlimited check writing
Plus, you could enjoy convenient payments using our HSA debit card – perfect for quick trips to the pharmacy and qualifying medical appointments. Just remember to save all receipts for claim verification.
Plan Eligibility and Contribution Limits
In 2024, if your medical plan deductible is at least $1,600 for single coverage or $3,200 for family, you may be eligible to open an HSA. Check with your health plan administrators to determine your plan's eligibility, then visit a branch or call us at 800.242.2120 for more details.
Contribution limits for 2024 tax year:
- $4,150 for single plan
- $5,150 for single plan and age 55 or older
- $8,300.00 for family plan
- $9,300.00 for family plan if age 55 or older
- You have until April 15, 2025 to maximize your contributions for the 2024 tax year
Contribution limits for 2025 tax year:
- $4,300 for single plan
- $5,300 for single plan and age 55 or older
- $8,550.00 for family plan
- $9,550.00 for family plan if age 55 or older
This is intended for informational purposes only. For tax advice or additional questions relating to your personal taxes, please speak with a tax professional.
Additional Resources
