A Health Savings Account (HSA) is one of several programs set up and regulated by the government to give individuals tax advantages to offset health care costs. An Integra HSA is a tax-exempt account to pay or reimburse certain medical expenses you incur.

Account Benefits

• You can claim a tax deduction for contributions you, or someone other than your employer, make to your HSA.
• Contributions to your HSA, made by you or your employer, are not included in your gross income.
• The contributions remain in your account from year-to-year until you use them. Benefit from no ‘use it or lose it’ restrictions. Unlike Flexible Spending Accounts, unused balances in your HSA can be carried over from year-to-year and continue to grow on a tax-free or tax-deferred basis.
• The interest or other earnings on the assets in your HSA account are tax free.
• Distributions may be tax free if you pay qualified medical expenses.
• An HSA is “portable” so it stays with you if you change employers or leave the work force.
• Use your HSA as supplement retirement income. Once you enroll in Medicare, you may use HSA balances to pay for out-of-pocket Medicare expenses tax-free, or choose to use HSA balances for non-medical purposes by claiming the amount of the withdrawal as taxable income.

Fees and Interest Info

• No monthly service charge.
• No minimum daily balance requirement.
• Interest earned on all balances.
• HSA Debit MasterCard available with HSA account.
• Access to BankAnytime online banking and bill paying available.
• No more fees.
• $50 minimum initial deposit to open an account.