Health Savings Accounts
High deductible insurance policies have become more popular in recent years, mostly because of the low monthly premium costs. The downside of that plan is the high deductible that families must pay when they need their insurance the most.
An easy answer to preparing for the unthinkable is to begin supplementing your current health insurance plan with a Health Savings Account (HSA). The money you put away in your HSA can be used to pay future medical expenses and health care supplies - such as contacts or bandages.
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) and you cannot be claimed as a dependent on someone else's tax return. AbbyBank makes saving for future medical expenses with high deductible insurance plans easy.
A Health Savings Account2 from AbbyBank includes:
- No Monthly Service Fee
- No Account Opening Fee
- No Minimum to Open
- Earn interest on balances of $50 or more3
- Tiered Interest
- Free Debit Card
- Unlimited Check Writing
- Mobile Banking with Deposit
- Bill Pay
- Year-end Reporting
Check out our Health Saving rates, including our newest tier for balances of $25,000 or more!
Apply now for your Health Savings Account.