Benefits of a Health Savings Account paired with a high deductible health plan include:

• Lower premiums. Benefit from lower premiums while still protecting against high or unexpected medical bills.
• Extended coverage. HSA funds can be used to pay for a wide range of current medical and mental health expenses, including expenses that your insurance may not cover.
• Save and invest. Save money in your account for future medical expenses and grow your account through investment earnings.
• Control over your money. Instead of investing in high premiums that result in medical funds you may or may not use, you put your HSA funds into an account you control. You can choose to save these funds for future medical expenses or pay current expenses and decide which expenses to pay from the account. 
• Accounts are completely portable. This means that even if you change jobs, change medical coverage, become unemployed, move to another state or change your marital status, you can keep your HSA.
• Flexible contribution options. Others can contribute to your HSA account. Contributions can come from you, your employer, a relative or anyone who wants to add funds.
• Keep your money. Account funds “roll over” from year to year as accumulated tax-free¹ savings. There is no “use it or lose it” rules for HSAs.
• Triple tax savings! Contributions  are made with pre-tax dollars, withdrawals are not subject to federal taxes if used for qualified medical expenses and interest or other earnings are tax-free¹.

Start Building Health Savings Today

It’s never been easier to take control of your health and grow your money. Contact us at (515) 331-3100 or visit any CSB branch to open your HSA account.

Accelerate your HSA with a Health Equity Account

Just like a traditional savings account, your HSA earns interest. This makes your HSA an effective component of your financial strategy. Once your account meets a certain threshold, you can also invest in mutual funds much like a 401(k) to maximize your HSA earning potential. Learn more about Health Equity.

The Health Equity Account is not insured by FDIC or any other government agency. | Not bank guaranteed. | Not bank deposit or obligation. | May lose value.

¹ HSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize HSA funds as tax deductible with very few exceptions. Please consult a tax advisor regarding your state’s specific rules.

Maximize your HSA earning potential

To take full advantage of tax savings and to build a reserve for the future, maximize your contributions as set by the IRS:

At age 55, an additional $1,000 "catch-up" is allowed annually.