Supplement a high-deductible insurance plan with a Health Savings Account
A Health Savings Account (HSA) is a tax advantage account that you can use to pay for current or future IRS-qualified medical expenses.
- Unused funds roll over and earn interest year after year.
- After age 65, funds can be withdrawn for any purpose without penalty (subject to ordinary income taxes).
Ready to open an HSA account? Stop by any of our branches.
HSAs are taxable in California. For more details about HSAs, please refer to IRS publication 969 titled, "Health Savings Accounts and Other Tax-Favored Health Plans." For a complete list of IRS-qualified medical expenses, please refer to IRS publication 502 titled, "Medical and Dental Expenses." Banner Bank does not provide tax advice. Consult your tax professional for tax related questions.