Health Savings Accounts (HSA)

Even though you have insurance, paying for healthcare — especially unexpected healthcare expenses — can wreak havoc on your finances. One way to be prepared for both routine and unexpected healthcare expenses is with a Health Savings Account.²

Here’s how it works: you make tax deductible contributions, up to your maximum limit, to the account and earn interest on your balances over $1,000.¹ Then, you’re able to withdraw money from the account to pay for qualified medical expenses.¹

The key word here is tax deductible. You see, in most cases contributions you make to your HSA could be tax deductible when April 15 rolls around.¹ And you don’t have to pay taxes or tax penalties when you withdraw the money for qualified medical expenses, either.^1,2

At Family Trust, we want to give our members every account option they need to prepare and protect themselves financially, and a HSA is one of those options. Because here, we you come first.

Here’s everything you need to know about our Health Savings Account:

• Earn dividends on balances over $1,000
• HSA contributions may be tax-deductible when filing your income tax return¹
• Be in charge of your HSA assets
• No minimum deposit to open³

Additional Information

• Health Savings for Individuals
• Health Savings for Employers