HSA Checking
A smarter way to pay for care today and save for tomorrowMembership is required and subject to approval.
Take control of your health care costs
With an HSA Checking account, you get the flexibility, control and peace of mind to handle today’s costs while preparing for the future.
Tax advantages
- Contributions may be tax deductible.
- 65 years of age and older, withdrawals for medical and non-medical expenses may be allowed without penalty.
- Please consult a tax advisor or tax consultant for additional details
Funds that stay with you
Flexible for everyday care
Use funds for doctor visits, prescriptions, dental, vision and eligible expenses for your spouse and dependents.
Long term flexibility
After age 65, withdrawals for non-medical expenses are also allowed without penalty (regular income tax may apply).
Eligibility requirements
An HSA Checking account may be a good fit if you meet the following criteria:
- You’re enrolled in an HSA-eligible high deductible health plan (HDHP)
- You’re not covered by another non-HSA-eligible health plan
- You’re not enrolled in Medicare
- You cannot be claimed as a dependent on someone else’s tax return
How it works
Pay for qualified medical expenses
Use your HSA funds for a wide range of eligible costs, including doctor visits, prescriptions, dental care, vision care and certain over-the-counter items.
Save for today — and tomorrow
Your HSA isn’t just for current healthcare expenses. It can also help you save for the future.
- Before age 65: Use funds tax-free for qualified medical expenses. Non-medical withdrawals may be subject to income taxes and a penalty.
- After age 65: Use funds for anything you need—qualified medical expenses remain tax-free, and non-medical withdrawals are treated like regular income (similar to a traditional retirement account, without penalties).
Fund your account your way
You can contribute to your HSA through:
- Payroll contributions
- Direct deposits from your checking or savings account
- A one-time IRA rollover (subject to IRS rules)
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