Health Savings Accounts (HSAs)
Tax-advantaged account to save for healthcare costs.
Start Paying Less for Healthcare
If you are eligible for a HSA, you can use the account balance to pay premiums, co-pays, deductibles, and other healthcare costs tax-free.
Eligible for High Deductible Health Plans
If you are enrolled in a HDHP, you are eligible to open a HSA.
Tax-Deductible Contributions
Your contributions to the HSA is tax-deductible (or pre-tax if made by payroll deduction).
Tax-Free Money
Earnings and withdrawals for qualified medical expenses are tax-free.
Your Balance Never Expires
Your HSA funds roll over year after year without limit.
HSA Rates
See all rates.
|
Interest Rate |
Minimum Opening Deposit |
Minimum Balance to Earn Interest |
Monthly Fee |
|---|---|---|---|
|
Dividends are compounded daily and are calculated on the daily balance when the balances reach or exceed $250. |
|||
|
Interest Rate 0% |
Minimum Opening Deposit $25 |
Minimum Balance to Earn Interest $250 |
Monthly Fee $0 |
See If You Qualify for an HSA
You must meet the following requirements:
- You are covered under a High Deductible Health Plan (HDHP)
- You have no other health coverage except what is permitted under “Other health coverage,” listed on IRS.gov
- You are not enrolled in Medicare
- You cannot be claimed as a dependent on someone’s tax return
How Much Can You Contribute to an HSA?
Contributions can be made by you or your employer up to the maximum limit specified by law. Individuals age 55 and older can make an additional $1,000 catch-up contribution.
| N/A |
2025 |
2026 |
|---|---|---|
|
Single |
2025 $4,300 |
2026 $4,400 |
|
Family |
2025 $8,550 |
2026 $8,750 |
Learn More About HSAs
HSA FAQs
See all FAQs.
You won’t lose the money in your HSA account and you can continue to use the money for qualified medical expenses. However, you will not be able to make contributions to your HSA.
The main difference is that you will not lose your money in your HSA if you do not use it. The money in your HSA will carry over from year to year.
Please see “Who Qualifies for an HSA” above, or see the IRS.gov requirements to determine whether or not you qualify.
Yes, you will receive an HSA debit card when the account is opened.
Yes. For instructions on transferring your current HSA to URW call 434.793.1278.