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Health Savings Account

A tax-deductible account to help offset high deductible health insurance costs.

What is an HSA?

A tax-deductible account to pay deductibles and qualified medical expenses for you and your family.
  • Funds are not taxed when used for qualified medical expenses.
  • Eligibility requires coverage under a qualifying High Deductible Health Plan (HDHP).
  • Annual contribution limits apply and are subject to cost-of-living adjustments.
  • Distributions for qualified expenses are tax-free; other distributions may incur taxes and penalties.
  • Employers, family, or others may contribute to your HSA.

Important Information

This is intended to provide general information concerning federal tax laws governing HSAs. It is not legal or tax advice. Consult your tax or legal professional for specific guidance.