Save To Cover Healthcare Expenses

A Health Savings Account (HSA) is paired with a high-deductible health plan and used to set aside funds for eligible medical, prescription or over-the-counter drug expenses with pre-tax dollars.

Need help with your HSA debit card or account? Call 218-751-2430

Benefits of an HSA
Anyone Can Open an HSA

And use it paired with a high-deductible health plan.

Eligible for Employer Contributions

Organizations can offer as an added benefit to employee health coverage.

Easy-To-Use HSA Debit Card To Access Funds

Use it for medical expenses just as you would use a checking account.

Tax Advantages of an HSA

One of the most significant advantages of an HSA is how much you save in taxes. Consumers should consult with a tax advisor for more information.

  • You pay no taxes on money you save in an HSA.
  • You pay no taxes on money you withdraw for medical expenses.
  • You earn interest tax-free on the money in your HSA and can even invest it.
  • The money in your HSA never goes away and can even be used for any purpose after age 65.

 

Pairing an HSA With a High-Deductible Health Plan

High-deductible health plans usually have lower monthly premiums. Not sure if you have a high deductible health plan? Our investment team can help you figure out if an HSA will work with your coverage. Our HSA account can be paired with any insurance carrier’s HSA-eligible plan.

Find Other Ways To Save

Savings Account Options
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