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
  • VisaCheckCard
  • Annual maintenance fee of $10.00 – waived the first year

Call or stop by today to learn more about this exciting new account!