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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.
Review the 2018 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|