Health Savings Account
Your smart solution for medical expenses
A Health Savings Account (HSA), is a specialized savings account designed for individuals enrolled in a High Deductible Health Insurance Plan. Funds in the account can be used to pay for prescription costs, doctor visits, and other qualified healthcare expenses.
Guide to Understanding Your HSA
| Dividends Paid | $$ |
|---|---|
| Service Fees | None |
| Minimum Deposit to Open Account | None |
| Debit Card Access | Yes |
| Checking Availability | Yes |
| Withdrawl Fees/Penalties | None |
| Innovative Online & Mobile Banking |  |
| Free eStatements | |
| Open a Horizon HSA |
Benefits
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Contributions for qualified individuals may be tax exempt.* Consult your tax advisor for details.
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No administration fees.
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HSA balances earn tax-exempt dividends each month.*
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HSA debit card allows you to make a qualified healthcare expense purchase at pharmacy, doctor’s office, or medical facility, with funds automatically deducted from your account.
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Unused balances are rolled over each year, and remain available to you even if you change jobs or insurance plans.
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Additional retirement savings. After age 65, funds can be withdrawn for any purpose without penalty, similar to a Traditional IRA.*
*Consult your tax advisor for specific tax information.
An HSA can be opened by any eligible individual.
Information for Businesses
Horizon can partner with you to set up new Health Savings Accounts for your employees, or transfer existing accounts. Contact our Account Solutions professionals at 570-326-3636 for more information.