Health Savings Account
Individual Advantages

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Personal Bankers

Save money. You will spend less on HDHP premiums than traditional insurance. You can then use your premium savings to fund your HSA. Avoid taxes. Your contributions to your HSA are tax deductible and may nudge you into a lower tax bracket, so you could save money on your whole tax bill, not just your health care costs. Earnings on HSAs also grow tax-free, and distributions for qualified medical expenses are tax-free. Keep control. You decide how much to put into your HSA and which medical expenses to pay out of it. Save for the future. Any amount left in your HSA at the end of the year is carried forward to help you cover future medical expenses. Own it. HSAs can travel with you from job to job, and you always have a right to 100 percent of the money in your account. Cover more expenses. You can use your HSA to pay for health care that your traditional insurance might not cover, such as eye care, chiropractors and some types of therapy.