A Health Savings Account is a tax-exempt account that is used exclusively for the payment of qualifying medical expenses.
By establishing a HSA (Health Savings Account) and having a High Deductible Health Plan, you are taking health care savings back into your own hands to help you make the decisions that are right for you!
Eligibility1:
You are eligible for a HSA if the following conditions are met:
- You cannot be claimed as dependent on someone else's tax return.
- You may not be covered by any other health insurance.
- You must not be enrolled in Medicare.
- You must be covered by a qualifying High Deductible Health Plan.
- Annual Contribution Limits apply.
Highlights:
- Tiered Interest Rate Structure. Click here to view our current rates.
- Free Debit Card: Use at the ATM, doctor's office, pharmacy, etc.
- Free Checks (Set up as a checking account): With unlimited check writing.
- $3 Monthly Maintenance Fee waived when balance of $10,000 or more or you hold any additional deposit or loan account with Northwest Bank
- Enroll and receive e-Statements. (Free paper statements are available)
- Tax Savings: Eligible contributions made to the account are tax deductible.
- Access to convenient Banking Tools.
- Rollovers
Open an HSA Account Online
You will need the information below to get started. Once you have submitted your information, a banker will contact you within 1 business day to complete opening your HSA account.
- Type of plan (Individual or Family)
- Contribution Type (Transfer, Rollover, etc.)
- Contribution Year (Current or Prior Year)
- List of Beneficiaries (if applicable)
Open a Health Savings Account Online
