Why Choose Our Health Savings Account?
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.