Health Savings Accounts
Maximize your healthcare dollars with a Primary Bank HSA
Primary Bank’s Health Savings Account (HSA) is designed for High Deductible Health Plan (HDHP) holders as a tax-deferred way to accumulate funds for qualified medical expenses.
Benefits of having a Primary Bank HSA
You'll enjoy a triple-tax advantage. Contributions to your HSA are tax-deductible up to the IRS allowed maximums. The interest that you HSA earns is tax-deferred. Funds from your HSA used for qualified medical expenses are tax free.
PortabilityYour HSA is owned by you, not your employer. Funds remain with you even if you change jobs, medical coverage, marital status, or retire.
FlexibilityYour account balance rolls over from year to year. If you are no longer eligible to make contributions, your funds may still be used for qualified medical expenses.
ConvenienceYou’ll enjoy easy payment and account access with your Health Savings debit card.
* APY (Annual Percentage Yield)
Accounts are subject to approval