Contribute up to the IRS maximum for individuals or families. If you're 55 or older, you can save an extra $1,000.1
Sit back and watch your interest and investment earnings grow tax free.1
Pay for qualified medical expenses tax-free.1 That's what we call a win-win-win.
If you have a high deductible health plan, PerfectHealth Savings is a smart way to offset your healthcare costs. Use it now or save it for your golden years when these costs are often higher. Invest in your future health today with a tax-sheltered strategy for staying well.
An HSA, or health savings account, is a tax-advantaged savings account for people who choose a high-deductible health plan for their health insurance.
The account owner (and sometimes their employer) can contribute funds to the HSA. Then, the money in the account can be used to pay qualified medical, dental, and vision care expenses.
There is no time limit for spending the funds in an HSA account.
HSAs also have a triple tax advantage, which means the account owner will not pay taxes on the account contributions, growth, or withdrawals.
You are eligible as long as:
As long as you use the money to pay for qualified medical expenses, you can take money from your HSA tax-free anytime.
In general, contribute as much as you can up to this year’s IRS limits. To find the latest limits, visit the IRS website and search for Publication 969.
Unused funds at year-end can be carried forward to the next year.
You can spend the money as you please. However, if it’s not for a qualified medical expense, it will be considered income and taxed at the current rate. You can no longer make contributions to your HSA once you’re enrolled in any part of Medicare.
We’ll walk you through it. Stop by the nearest branch to open an account in person.
We reserve the right to change account benefits at any time without notice. Certain restrictions may apply. Please see the complete Disclosure Guide for additional details.
Interest rates are tiered to a maximum amount.