Health Savings Accounts

Save for Medical Expenses

A Health Savings Account (HSA) helps you specifically save for health care costs. You control what health expenses the funds are used for and the money in the account rolls over from year to year.

Please consult your tax advisor for advice.

Information from the IRS

HSA Account Requirements

Must have a qualifying HDHP (High Deductible Health Plan) to open
Not be enrolled in Medicare
No other medical coverage
Not claimed as a dependent on someone else’s tax return

The deadline for annual contributions is the tax filing date.

Beneficiary Info to Bring

Their Full Name
Their Address
Their Birth Date
Their Social Security Number
Their Relationship to Owner

Banzai Learning Resources

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Health Savings Account Article

If you have a high-deductible plan, you can allocate tax-free income toward your health with a health savings account.

Read Article

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How to Make the Most of your HSA or FSA

Learn the difference between a HSA and FSA, and predict your health care costs.

Learn More