Health Savings Account

Doctor talking to patientArtisans' Bank's Health Savings Account (HSA) is a tax-favored account that lets you make tax-exempt contributions to save and pay for qualified medical expenses.


 Pay for things like:
    • Office Visits & Annual Physicals
    • Prescriptions & some
      Over-the-Counter Medicines
    • Health Care Products
    • Dental Care, as well as Orthodontia
    • Vision Care, Eyeglasses, Contacts
      and Eye Surgery

How You Save

Contributions to your account may be tax-deductible on your federal income tax return, and, in most cases, on your state income tax return. (Consult with your personal tax and legal advisors.) You can pay for qualified medical expenses with tax-free withdrawals.

Your employer may offer a payroll deduction option to help you make contributions on a tax-free basis through your employer's cafeteria plan. In addition, your employer may also decide to contribute.

HSA has no "use it or lose it" requirement and also stays with you if you change jobs or retire, unlike Flexible Spending Accounts.


 
You're in control
  • FREE Artisans’ Bank HSA Visa® Debit Card makes it easy for you to pay for qualified medical expenses. You have online access to account transactions, so keeping tabs on your medical spending is easy. (additional dependent cards available at $8 each)


Artisans’ Bank Health Savings Account Features:
  • FREE Online Banking
  • FREE Online Bill Payment
  • FREE e-Statements
  • FREE first check order*
  • Unlimited check writing
  • Variable rate interest bearing account View Our Rates

    • Minimum to Open - $50
    • Monthly Service Charge - $2.50**
    • Minimum to Earn Interest - $0.01
    • Balance to Avoid Service Charge - $300 Average Daily Balance Mother and child putting coins in a piggy bank


Open an HSA Account




Also, here is information from the US Government about Health Savings Accounts:

IRS Publication 969


*First order of 25 basic HSA checks is free. Contribution Limits for Heath Savings Accounts are: Tax Year 2021: self only $3,600, family $7,200.  Tax Year 2022: self only $3,650.00, family $7,300.00. Product information is accurate as of April 19.2022.   

Artisans’ Bank reserves the right to change or terminate this product.

**Monthly service fee waived for members of Benefits Connection.



For more information, contact us at 302-658-6881
or stop by any branch office. Click here for locations and hours