photo of a stethoscope next to a heart rate monitor

Health Savings

Health Savings Accounts (HSAs) were created in 2003 so that individuals covered by high-deductible health plans could receive tax-preferred treatment of money saved for medical expenses. Generally, an adult who is covered by a high-deductible health plan (and has no other first-dollar coverage) may establish an HSA.

Because participation in a Health Savings Account has particular prerequisites, we encourage you to consult with a tax professional for assistance regarding IRS imposed account eligibility and transaction restrictions.

Features of our HSA product include:

  • $20.00 minimum deposit to open account
  • No minimum balance required
  • No annual fee Free online banking, including bill pay
  • Earns interest at competitive rates*


*Rates may change after the account is opened

What are the current HSA contribution limits?

HSA Contribution Limits

Any eligible individual can contribute to an HSA. For an employee's HSA, the employee, the employee's employer, or both may contribute to the employee's HSA in the same year. For an HSA established by a self-employed (or unemployed) individual, the individual can contribute. Family members or any other person may also make contributions on behalf of an eligible individual.

2018
2019
Single Coverage $3,450 $3,500
Family Coverage $6,900 $7,000
Catch-up contribution for those who are age 55 or older $1,000 $1,000