Tax-free savings for medical expenses.

Save for your medical expenses tax-free with our Health Savings Account (HSA). You or your employer can deposit money into this no-cost account to cover qualified health care costs. You’ll earn dividends and earnings are tax-free, as long as the funds are used for qualified medical expenses like prescription drugs, deductibles, and co-pays.

It’s the smart way to cover your health care costs and save on taxes. Get smart with a tax-saving HSA, today.


Health Savings Account Rate





On balances $5.00 and over

Health Savings Account Features


    Earn dividends on balances over $5.

    Federally Insured

    Your savings are federally insured up to $250,000.

    Free eStatements

    Receive your statements electronically for quick access.4

    Opening Deposit

    Open your account with just $5.

    Tax Advantages

    Save money tax-free for medical expenses.

How a Health Savings Account Works

  • Must be at least 18 years old
  • Be covered by a qualified High Deductible Health Plan (HDHP) — according to, the IRS defines a high deductible health plan as any plan with a deductible of at least $1,350 for an individual or $2,700 for a family
  • You have no other health coverage except for specialized plans like dental, vision, long-term care, and injury or accident coverage.
  • You aren’t enrolled in Medicare.
  • You can’t be claimed as a dependent on someone else's 2017 tax return.

2018 Contribution Limits

  HSA Contribution Limit HSA Contribution Limits for people 55+
Single $3,450 $4,450
Family $6,900 $7,900

Unused funds can remain in your HSA and carry over every year. Once you are age 65 or if you become disabled, you can use HSA funds for both medical and non-medical expenses (but the non-medical uses will be taxable at that time).

You will incur a 20 percent tax penalty.

For more details on HSAs, check out the IRS HSA web page or contact us.

Bank Your Way

All First Service accounts give you the convenient tools you need to manage your account — anytime, anywhere.