Health Savings Account

Health Savings Account Information (HSA)

Open a Health Savings Account today to save for immediate medical expenses, future medical expenses or retirement expenses including Medicare.

Interest Bearing Checking Account - Click Here to View Current Rates
$500.00 Minimum Balance to Open Account
Account is owned by you and funds belong to you
Funds stay with you year to year
No service charge if enrolled in monthly E-Statements - if not a Monthly Paper Statement Fee of $5.00
Account information accessible via Bank of Brodhead Online Banking and mobile app for iPhone and Android
No fee for checks
No fee for first Check Card
No transaction fees
Transactions permitted – Checks, ATM Withdrawals, POS Transactions, & Online Transfers
Fees could reduce earnings
Rates are subject to change without notice

Be covered by a High Deductible Health Plan (HDHP) that meets minimum deductible and maximum out of pocket requirements (as defined by Congress)
(These amounts are determined by the IRS and adjusted annually)

May not be covered by other type of medical insurance except for vision and dental
(Other coverage may interfere with minimum deductible requirement and could make you ineligible for the Health Savings Account)
Cannot be enrolled in Medicare
Cannot be a dependent on someone else’s tax return