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What is a Health Savings Account?

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A Health Savings Account (HSA) is a tax-favored account used in conjunction with an HSA-compatible health plan. The HSA allows you to contribute funds on a pre-tax or tax-deductible basis, which you may use to pay for eligible medical expenses. To learn more about the HSA's many benefits, click here. 

To view the current contribution limits set by the IRS, click here. Your health plan representative can also help you determine if your plan is HSA compatible.

How to Open an HSA

Enrolling with HSA Bank is easy! Simply click here to enroll online, or to download an application.

If you have an HSA with another institution and would like to benefit from our services, click here to download HSA transfer/rollover form.

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You will receive the following benefits from HSA Bank:

  • Quick enrollment process with no set-up fees
  • Personalized customer service

More about HSAs

Learn how an HSA can benefit you

Check out the HSA Education section of our website. 

HSA overview 
Click here to view a presentation about HSAs.

Determine your HSA benefits 
An HSA allows you to save funds for healthcare expenses. Calculate your benefits by accessing our Is an HSA Right for Me? and Future Value calculators.