FDIC-Insured - Backed by the full faith and credit of the U.S. GovernmentA Health Savings Account (HSA) is a tax-advantaged personal savings account for individuals enrolled in a High Deductible Health Plan (HDHP) to pay for qualified medical expenses like deductibles, co-pays , prescriptions and such. Funds grow tax-free and withdrawals for eligible medical costs are tax-free -- offering a way to save and pay for healthcare with pre-tax dollars.
A health savings account is yours, not your employer’s. You control the account. If you switch jobs, no problem as your account remains with you. You operate it with a special HSA debit card/checkbook. BSB offers these accounts. Simply ask about the account today, and how it would benefit you and your family.
An HSA offers a unique blend of tax advantages and flexibility. That’s a game-changer in your financial planning. A few fun facts about its use include:
--The funds are portable and never expire
--You can use it as a retirement fund after age 65
--You can use it for surprisingly common items beyond hospital stays and prescription drugs. Many people are unaware that HSA funds can be used for: Over-the-counter medications, sunscreen, chiropractic care, hygiene products, hearing aids, pill organizer, eyeglasses/contacts, birth control, acupuncture, transportation for medical care, dental services, breast pumps, compression socks, lip balm, air purifiers and more.
New Regulation for 2026: Effective Jan. 1, 2026, you can use your HSA funds to pay for Direct Primary Care memberships.