| An interest bearing, tax-exempt custodial account established
exclusively for the purpose of paying or reimbursing qualified
medical expenses.
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First order of
specially designed checks at no cost (200 checks) |
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May reduce current
tax liability |
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Permits deposits (up to Federal
limit) at any time, including direct deposit |
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Check safekeeping with free
images on request |
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FDIC insured |
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Distributions for qualified
medical expenses (by check or debit card) are tax free |
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Monthly statement facilitates
recordkeeping |
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Easy access to your funds |
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Debit cards optional |
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24 hour telephone banking |
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Interest is paid monthly
on the daily balance. Payment date is the last day of
the statement cycle |
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No “use it or lose
it rules”. All amounts in the HSA are fully vested
and can remain in the account until spent |
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Monthly interest earned may
vary based on the daily balance level |
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