doctor listening to patient's heart
Health Savings Account

Invest in Your Well-being Tax-free

Medical emergencies can come unannounced. Be prepared. With First Service's Health Savings Account, you're not just saving; you're securing your health in the most tax-efficient way. Whether it's for regular health check-ups, prescription medicines, or unexpected medical expenses, get yourself covered.
Health Savings Account Rate

0.10% APY1

On Balances $5.00 and Over

Why Choose Our Health Savings Account?

  • Guaranteed Safety

    Rest assured, your funds receive federal insurance up to $250,000.
  • High Dividends

    Dive into premium returns with high dividends on eligible balances. 
  • A Simple Start

    Dive into a future of secured health with an initial deposit of only $5 and no monthly fees.
  • Smart Tax Savings

    It's not just about saving; it's about smart saving. Store funds tax-free for your medical needs.

Ready for a Health-First Future?

Stop by one of our 14 Houston-area branches or give us a call to embark on a journey towards a secured, tax-efficient health savings plan.

Health Savings Account FAQs

  • Must be at least 18 years old
  • Be covered by a qualified High Deductible Health Plan (HDHP)

For more details on HSAs and eligibility, please go to the IRS HSA webpage.

For 2023, if you have self-only HDHP coverage, you can contribute up to the limits shown below. For more details on HSAs and contribution limits, please go to the IRS HSA webpage.

  HSA Contribution Limit HSA Contribution Limits for people 55+
Single $4,150 $5,150
Family $8,300 $9,300

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.