HSAs let you set aside pre-tax dollars from your paycheck to cover qualifying medical expenses. Money in the account earns competitive, tax-free interest. And, as long as you use funds to pay for an eligible expense, you can withdraw cash tax-free at any time.*
Enjoy the peace of mind that comes from knowing you have money in the bank to pay for medical costs as they come up. Open yours today.
Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine their own eligibility. Please contact your tax advisor for further eligibility requirements.
*You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 10% penalty.
**Consult a tax advisor.