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Health Savings Account

Health Savings AccountDirect your healthcare plan. Save on taxes*.

Coupled with a High Deductible Health Plan, a Health Savings Account (HSA) can provide you with a triple tax savings* as an incentive to save.


Similar in structure to an IRA, an HSA allows tax-free deposits up to a federally established annual limit. You’ll earn tax-free dividends, and withdrawals for qualified medical expenses are tax-free. Use the funds to pay for medical expenses when they occur – even over-the-counter medicines. What’s more, you can easily access the funds in your account with an HSA debit card or HSA checks.


To open a Health Savings Account contact us at 800-388-7000 or visit your local service center.


Downloadable Forms


Adobe PDF HSA Authorized Signer Form
Adobe PDF Health Savings Custodial Account Agreement Form
Adobe PDF HSA Distribution Reversal Form
Adobe PDF HSA Excess Contribution Removal Form
Adobe PDF HSA Application Form
Adobe PDF HSA Transfer/Rollover Request Form
Adobe PDF HSA Withdrawal Statement
Adobe PDF HSA Beneficiary Designation Form
Adobe PDF HSA Regular Contribution Form


Key Benefits

  • HSAs are paired with High Deductible Health Plans, which have lower premiums
  • Provide an opportunity to save for medical expenses, tax free
  • Easy access to funds with checks or an HSA VISA® Debit Card
  • Earn a competitive interest rate
  • Annual contributions are deductible up to the maximum allowable amount
  • Dividends earned are free from federal taxes
  • Qualified withdrawals are free from federal income tax
*Always consult your tax advisor to determine your eligibility.