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Why choose to open an HSA with HSA Bank?

Why choose to open an HSA with HSA Bank^®?

Take control of your healthcare savings

As one of the first and largest Health Savings Account (HSA) providers in the country, we're passionate about HSAs. We're committed to helping you save for your future and have built our reputation of world-class service and expertise through our focus on HSAs and a full suite of health accounts.

Open your HSA

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HSA benefits

There are many benefits of an HSA:

More informed healthcare decisions

You have the flexibility to shop around for HSA-eligible items and healthcare services.

Use on almost anything

Your HSA dollars can be used for doctor visits, as well as hundreds of other IRS-qualified expenses.

You own the account for life

Your HSA funds stay with you when you change jobs or retire, and unused funds roll over from year to year.

Three tax advantages

Tax-deductible contributions, tax-free interest and earnings growth* and tax-free spending on eligible items.

Beyond healthcare

After age 65, your HSA funds can be used for any purpose without penalty (only income tax is assessed).

What makes HSA Bank unique compared to others?

HSA Bank, a trusted health savings partner, is one of the largest and longest-tenured HSA providers in the United States. Our platform is designed to support both everyday healthcare spending and long-term savings.

Compared with many HSA providers, HSA Bank offers:

No initial contribution needed to open an account and no monthly fees. View our fee and interest rate schedule.

Investing made smarter with multiple low-cost, self-directed options that can potentially grow your savings for healthcare or retirement.**

Helpful calculators, tools and ideas for real healthcare savings.

Live customer support 24/7, an easy online portal and mobile app.

Confidence knowing your HSA cash balance is FDIC protected.

Feature	HSA Bank^®
Tax advantages	Yes
Investment options**	Yes
Mobile account access	Yes
Funds roll over	Yes
Debit card for spending	Yes
Learning center resources	Yes
Live customer support 27/4	Yes

Manage your HSA from anywhere

HSA Bank offers digital tools that help you manage healthcare spending and savings in one place. Through the HSA Bank app and online account, you can:

Track healthcare expenses

Scan products with the app to review their eligibility

Upload and store receipts

Process reimbursements

Pay providers directly

Monitor account balances and investments**

These tools help you manage healthcare costs and keep track of your savings.

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Am I eligible for an HSA?

If you have an HSA-qualified health plan, whether through an employer or one you've purchased on your own from a healthcare marketplace or broker, chances are you can open an HSA. Check that the following are also true:

You must have a valid email address, Social Security number and a primary residence in the United States.

You must be covered by the HSA-eligible health plan on the first day of the month in which you plan to start contributing to your HSA.

You can’t be covered by any other type of health plan, including Medicare Part A or Medicare Part B.

You can’t be covered by TRICARE.

You can’t have used your medical benefits from Veterans Administration for any non-service-connected disabilities at any time during the previous three months (to contribute to an HSA).***

You can’t be claimed as a dependent on another person's tax return.

You aren’t covered by a general purpose healthcare Flexible Spending Account (FSA) or Health Reimbursement Account (HRA). Alternative plan designs, such as a limited-purpose FSA or HRA, might be permitted.

Bronze and Catastrophic plans now HSA eligible

Legislation affecting HSAs recently passed, which means Bronze and Catastrophic healthcare plans are now HSA eligible.

Learn more about the changes that may impact you.

How to open your HSA

If you're eligible, it's easy to open an HSA. It takes less than 10 minutes to sign up. You must have a valid email address to open an account.

If your employer offers an HSA with your benefits, contact your Human Resources department to learn how you can open your account during benefit elections.

Open your HSA

Additional resources

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Frequently Asked Questions

Get answers to the most-asked questions about HSAs, FSAs, HRAs, and more.

Read FAQs

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HSA investment options

Invest HSA funds to help grow your account to save for future healthcare expenses or retirement.

Learn more

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Calculators

Run the numbers to discover how to make the most of your account.

Get started

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HSA Tax Time 101

HSA Tax Time 101 is a resource that provides answers to some of the most frequently asked Health Savings Account (HSA) tax questions.

Learn more

_{*HSA contributions and earnings aren’t subject to federal taxes and aren’t subject to state taxes in most states. Contact a tax professional for information about your state.}

_{**SECURITIES AND INVESTMENTS}

Not Insured by FDIC or Any Other Government Agency

Not Bank Guaranteed

Not Bank Deposits or Obligations

May Lose Value

_{Past performance is not indicative of future results.}

_{The HSA Invest program is administered by DriveWealth, LLC, a registered broker-dealer and member FINRA/SIPC. Securities products and services are offered through LeafHouse Financial Advisors, LLC, an SEC-registered investment advisor. Registration does not imply a certain level of skill or training. Additional information about LeafHouse Financial Advisors, LLC, including investment strategies, fees and objectives, can be found in its Form ADV Part 2 and Form CRS, which are available in your online account.}

_{HSA Bank is not registered as a broker-dealer or investment advisor. Neither HSA Bank nor DriveWealth, LLC provide investment advice to HSA Invest program investors. HSA Bank, DriveWealth, LLC and LeafHouse Financial Advisors, LLC are not affiliated and not responsible for the products and services offered or provided by the other.}

_{***Title 38 of the United States Code, Section 101(17) defines "non-service-connected" as, with respect to disability, that such disability was not incurred or aggravated in line of duty in the active military, naval, or air service.}