HSA

Health Savings Account

A HSA is a tax-advantaged account that works with a digh-deductible health plan to help you pay for current and

future qualified medical expenses. HSAs are offered to qualifying individuals only in conjunction with a high

deductible health plan (HDHP).

Key Benefits

Tax Savings-HSA contributions are tax-deductible, and earnings and eligible withdrawals

are tax-free, as long as certain requirements are met

healthcare dollars

Convenience-You can use your HSA Visa® debit card to get instant access to your HSA and

pay for eligible out-of-pocket health expenses.

Portablitliy-You can continue your account even if you change places of employment. Patriot

Bank will still be here to service your account.

Roll Over- Unlike Flexible Spending Accounts with "use it or lose it" requirements, money

left over in your HSA at the end of the year rolls over into the next year