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Health Savings Accounts (HSA)

Pay for doctor visits, prescriptions, dental check-ups and more with pre-tax dollars.

Triple Tax Benefits*

Contribute with pre-tax dollars, receive tax-free returns, and make tax-free withdrawals.

No “Use It or Lose It” Rules

Any unused money in your account is carried over to the next year and accrues interest.

Use for Nearly Any Medical Related Expense

Funds can be used for a wide range of items. See a complete list of approved expenses.

You Own The Account

Even if you leave your employer, relocate, or become unemployed, the money is yours.

Supplement Your Retirement

After age 65, you can use the funds for non-medical expenses without penalty.

Easy Account Access

Access your funds with your HSA debit card, checks, or through Online and Mobile Banking.

HSA Eligibility

  • At least 18 years old

    At least 18 years old

  • Covered by a qualifying high-deductible health plan (HDHP)
    see limits below

    Covered by a qualifying high-deductible health plan (HDHP)
    see limits below

  • Covered by Medicare

    Covered by Medicare

  • Covered by another health plan that is not an HDHP

    Covered by another health plan that is not an HDHP

  • Claimed as a dependent on another person’s tax return

    Claimed as a dependent on another person’s tax return

Eligible
Individual HSA

  • At least 18 years old

    Yes

  • Covered by a qualifying high-deductible health plan (HDHP)
    see limits below

    Yes

  • Covered by Medicare

    No

  • Covered by another health plan that is not an HDHP

    No

  • Claimed as a dependent on another person’s tax return

    No

Eligible
Family HSA

  • At least 18 years old

    Yes

  • Covered by a qualifying high-deductible health plan (HDHP)
    see limits below

    Yes

  • Covered by Medicare

    No

  • Covered by another health plan that is not an HDHP

    No

  • Claimed as a dependent on another person’s tax return

    No

Not Eligible

  • At least 18 years old

    No

  • Covered by a qualifying high-deductible health plan (HDHP)
    see limits below

    No

  • Covered by Medicare

    Yes

  • Covered by another health plan that is not an HDHP

    Yes

  • Claimed as a dependent on another person’s tax return

    Yes

2017 HSA Guidelines

  • Individual

    Individual

  • Family

    Family

HDHP Minimum Deductible

  • Individual

    $1,300

  • Family

    $2,600

HDHP Annual Out-of-Pocket Limit

  • Individual

    $6,500

  • Family

    $13,100

HSA Contribution Limit

  • Individual

    $3,400

  • Family

    $6,750

HSA 55+ Catch-up Contribution Limit

  • Individual

    $1,000

  • Family

    $1,000


Make Managing your HSA Easier

Online and Mobile Transfers

Send your cash right where you need it with real-time online transfers.
Read about online banking
Learn about our mobile app

Mobile Deposit

Deposit checks into your Health Savings Account using Mobile Deposit on the Sound mobile app.
Learn more about mobile banking

Mobile Pay

Tap and pay with your smartphone wherever contactless payments are accepted. It’s an easy and secure way to pay. Learn more about Mobile Pay.

Ready to open your Health Savings Account?

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