Health Savings Accounts (HSAs)
With An HSA Health Plan You Don't Have To Be Sick to Benefit!
Reduce your annual cost of insurance by up to 50% or more.
Use your HSA funds for dental, orthodontia, vision, chiropractic, alternative care and numerous other IRS Qualified health related items.
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Gain three tax advantages with your HSA contributions: tax deductibility, tax deferred growth and tax free distributions.
Help fund your retirement! Unused HSA funds accumulate tax-deferred and can be withdrawn at age 65 without penalty.
Finally, Washington residents can combine the tax-favored status of a Health Savings Account with
"high-deductible" health insurance for money saving value!
There are two separate parts to the the program; First there is a High Deductible Health Insurance
plan that must meet certain requirements to qualify. Second, there is a Health Savings Account
where funds are deposited to pay tax-free for items not covered by the health insurance.
Resources and Account Setup Information:
HSA Bank is one of the nation's leading Health Savings Account (HSA)
administrators. They focus solely on the administration, service and
support of their HSA product. With HSA Bank you'll be able to manage
contributions and withdrawals 24/7 with online account access.
To setup an account with HSA Bank, complete the
Application and Eligibility Form
and mail to:
HSA Bank
PO Box 939
Sheboygan, WI 53082
Internal Revenue
Service - Medical & Dental Expenses (Publication 502)
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