Health Savings Account
Health Savings Accounts (HSAs)
Take control of your health insurance and medical expenses...and get a tax deduction!
A HSA is a tax-exempt account used to pay medical expenses. In order to qualify for the account, a individual must have coverage under a high-deductible health plan.
A HSA is used to accumulate funds to pay medical expenses on a tax-deferred basis.
HSA contributions are deductible. Distributions and earnings are tax free if the funds are used to pay for qualifying medical expenses.
Catch-up contributions can be made for anyone who is 55 or older.
Crossroads Bank Health Savings Account
- Minimum balance to open - $100.00
- Monthly statements
- Annual maintenance fee of $10.00 – waived the first year
Call or stop by today to learn more about this exciting new account!