Health Savings Account

Manage your qualified medical costs with a First American Bank Health Savings Account (HSA). This tax-advantaged account can be used to pay for eligible medical and healthcare expenses:

Benefits of a Health Savings Account

  • Triple tax advantage: (1) contributions; (2) interest earned; and (3) withdrawals for qualified expenses are all tax-free
  • Pay for eligible medical expenses with your debit card or online bill pay
  • HSA accounts are not “use it or lose it”. Your HSA balance will roll over year after year
  • If you change jobs or leave the workforce, you can take your HSA with you

PLAN, SAVE, and PAY for healthcare expenses with a Health Savings Account

To be eligible for a Health Savings Account, you must be enrolled in a high-deductible health plan that meets IRS guidelines for the annual deductible and out-of-pocket maximum.

Additional eligibility and contribution requirements apply.

2018 Updated Eligibility Requirements and Contribution Limits

Please consult with your tax advisor and/or state taxing authorities concerning any tax and/or compliance questions. You are responsible for complying with the laws that apply to your HSA. The HSA Trustee/Custodian does not act as your advisor.