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Health Savings Accounts (HSA)

Saving accounts can be used for much more than saving your income, it can also be used for other services, such as paying healthcare expenses. In order to be eligible for a Health savings Account (HSA) you must have a high deductible health plan. It’s easy paying for qualified healthcare expenses, including dental and vision with your HSA. There is no minimum opening balance, no minimum balance required and no monthly service charge when you have a relationship at Heritage Community Bank. Once you open this account, you have full ACH capabilities and an official debit card to pay for medical expenses.

HSA plans don’t have a “use it or lose it” provision. You own the money in the account regardless of whether your health coverage changes, you retire or change employers. With an HSA plan you have the opportunity to build a tax-advantaged savings for current and future health expenses. If you have a health plan through your employer, you may be able to make pre-tax contributions to your HSA from your paycheck. Contact your employer for more information about this option.