|
If you already have a High Deductible Health Plan (HDHP)
and you want to begin an online enrollment for a
Health Savings Account (HSA) with HSA Bank, please click here:
If you would like to fill out a paper application,
please click here:
PAPER APPLICATION
ABOUT HSA BANK:
HSA Bank gives you the tools and resources needed to manage your HSA.
With HSA Bank you have the opportunity to:
Manage your account online.
Earn interest on your savings.
Take advantage of flexible investment options.
Access the latest information on HSAs, high deductible health plans,
and the consumer-driven healthcare movement.
Ask HSA questions and receive answers from HSA experts.
As the leader in HSAs, they put their expertise to work for you every day. You'll receive
superior customer service, excellent interest rates, flexible investment options, and more.
General HSA Information
What is a Health Savings Account (“HSA”)?
A Health Savings Account is an alternative to traditional health insurance; it is a savings product that offers a different way for consumers to pay for their health care. HSAs enable you to pay for current health expenses and save for future qualified medical and retiree health expenses on a
tax-free basis.
You must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of HSAs. An HDHP generally costs less than what traditional health care coverage costs, so the money that you save on insurance can therefore be put into the Health Savings Account.
You own and you control the money in your HSA. Decisions on how to spend the money are made by you without relying on a third party or a health insurer. You will also decide what types of investments to make with the money in the account in order to make it grow.
What Is a “High Deductible Health Plan” (HDHP)?
You must have an HDHP if you want to open an HSA. Sometimes referred to as a “catastrophic” health insurance plan, an HDHP is an inexpensive health insurance plan that generally doesn’t pay for the first several thousand dollars of health care expenses (i.e., your “deductible”) but will generally cover you after that . Of course, your HSA is available to help you pay for the expenses your plan does not cover.
CLICK HERE TO SEE THE U.S. TREASURY DEPARTMENT
BROCHURE REGARDING HSA INFORMATION FOR 2008:
Department of Treasury HSA Brochure
| 
