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Tiered Health Savings
Health Savings Accounts (HSAs) are an option for those who have high deductible health care plans. Much like a Money Market Account, this account is tiered meaning the higher the balance, the higher the interest gained. However, this account has no minimum balance and may earn interest with a balance under $2,500. A benefit of an HSA is the ability to accumulate interest tax-free so long as purchases from the account are for qualifying health expenses.
- Aids in planning for future medical costs
- No minimum balance
- Can earn tax-free interest with qualifying medical expenses
Visit any of our branches, call 303-573-1170 or toll-free 1-877-293-6328, or contact us to open your Health Savings Account today. Be sure to consult your tax adviser for specific tax information.
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