Health Savings Account (HSA)

A tax-deductible account to help offset high deductible health insurance costs.
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What is an HSA?

An HSA helps pay deductibles and qualified medical expenses tax-free.
– Tax-deductible account for individuals and companies – Funds used for deductible and eligible medical expenses – Covers you, your spouse, and eligible dependents – Withdrawals for qualified expenses are tax-free – Employer and others can contribute to your HSA – Eligibility requires coverage under a qualifying High Deductible Health Plan (HDHP)
  • Apply at any JD Bank Branch Today!
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*Subject to annual cost-of-living adjustments. Consult a tax or legal professional for guidance.

Important Disclosure

This information provides a general overview of federal tax laws governing HSAs. It is not legal or tax advice. Consult your tax or legal professional for specific guidance. JD Bank is not responsible for individual tax or legal outcomes.