Phone: 1-800-OUR-BANK (1-800-687-2265)
HSA
- Summary
This tax-exempt trust or custodial account covers qualified medical expenses for you and your family. Funds contributed to the account are not subject to income tax and may be used to pay for qualified health care at any time without tax liability.
- Balances automatically roll over from year to year
- Pay for your expenses just as you would from any checking account
- Contribute up to $3,050 for individual coverage and $6,150 for family coverage
- Absolutely no maintenance fee
- Requirements
- Maximum out-of-pocket expenses for individual is $5,950
- Maximum out-of-pocket expenses for family coverage is $11,900
- Must have High Deductible Health Plan (HDHP) to be eligible for an HSA Account
- Individuals must have a deductible of $1,200 and families must have a deductible of $2,400
- Individuals age 55 and older can make catch up contributions of $1,000
