Health Savings Accounts
Health Savings Accounts (HSAs) are fully tax-deductible accounts with tax-deferred earnings. Distributions are used to pay for qualified
medical expenses and are tax-free. Annual contributions to an HSA belong to the contributor and there are no spending deadlines. All unused contributions remain in the account and earn tax-deferred interest. A customer must have a high deductible insurance plan and meet eligible requirements.
For more information about HSAs, please contact one of our Personal Bankers at 918-251-5371.