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 Yes
Free eStatements Yes
Apply for a Horizon Saver account

Benefits

  • Contributions for qualified individuals may be tax exempt.* Consult your tax advisor for details.

  • No administration fees.

  • HSA balances earn tax-exempt dividends each month.*

  • 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.

  • Unused balances are rolled over each year, and remain available to you even if you change jobs or insurance plans.

  • 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 After age 65, funds can be withdrawn for any purpose without penalty, similar to a Traditional IRA.*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.

Financial Success Center