What is an HSA?
An HSA is a personal savings account designed to help you pay for qualified medical expenses.
To be eligible, you must be enrolled in a high-deductible health plan (HDHP).
Think of it as a way to set aside money for healthcare - while receiving tax benefits along the way.
How it works
- You (and/or your employer) contribute money to your HSA
- Funds can be used for qualified medical expenses
- Your balance rolls over year to year - it’s yours to keep
Why consider an HSA?
An HSA offers a combination of flexibility and long-term value:
- Tax advantages – contributions and qualified withdrawals are tax-advantaged
- Flexibility – use funds when you need them, or save for future expenses
- Ownership – the account stays with you, even if you change jobs or retire
- Control – you decide how and when to use your funds
What can you use it for?
HSA funds can be used for a wide range of qualified expenses, including:
- Medical care and services
- Dental and vision expenses
- Prescriptions and many over-the-counter items
- Chiropractic care and other treatments
Contribution limits
Contribution limits are set annually by the IRS.
For 2026:
- $4,400 for individual coverage
- $8,750 for family coverage
- Additional $1,000 catch-up contribution for age 55+
Limits may change each year - reach out for the most current information.
Account details
- $25 minimum to open
- Tiered interest rates
- Debit card and check access available
- Online and mobile banking included
For individuals and employers
HSAs can be used on your own or as part of a benefits package.
For employers:
- Offer HSAs as part of employee benefits
- Help attract and retain talent
- Provide employees with more control over healthcare spending
Talk to us about business HSA options