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A Health Savings Account (HSA) allows you to save for future medical expenses with certain advantages, including favorable tax treatment. To qualify for an HSA you must have a High Deductible Health Plan (HDHP) with no other first dollar coverage (such as other insurance or Medicare). Also, you can not be claimed as a dependent on someone else's tax return. AbbyBank makes saving for future medical expenses with high deductible insurance plans easy.
Review the 2017 Contribution Limits and Qualifications.
|Health Savings Account|
|Monthly Service Fee||No Service Fee|
|Account Opening Fee||No Fee|
|Minimum Deposit to Open Account||No Minimum Required|
|Minimum Balance Requirements||None|
|Minimum Balance to Earn Interest||$50 and more. Interest is compounded daily and credited to your account monthly.|
|Debit Card usage fee from AbbyBank||No Fees|
|Limit on number of checks you write or deposits you make||No Limit|
|FDIC Insured up to applicable limits||Yes|
|Fill out Application Now|