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Checking that’s good for your health

Health Savings Account (HSA) Checking

A checking account that helps you save more for your health.

Less paid to taxes, more saved for your family’s health related expenses.

Your health is your greatest wealth. Use this tax-advantaged interest-bearing checking account to cover current and future medical expenses. Health Savings Account (HSA) Checking provides for tax savings on account contributions, tax-free earnings and tax-free withdrawals*. This means more dollars that would have gone to taxes go to supporting you and your family’s health instead. 

To qualify for an HSA Account: 

You must be enrolled in a high deductible health plan (HDHP)- For calendar year 2018, a “high deductible health plan” is defined under § 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,350 for self-only coverage or $2,700 for family coverage, and the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $6,650 for self-only coverage or $13,300 for family coverage. You must not be covered by another medical plan and/or claimed as a dependent on another plan. Per IRS guidelines, HSA accounts must be held individually (no joint owners).

contact us for questions or advice on opening an HSA account.

With an Advantis HSA you can:

  • Use funds to meet your deductible
  • Grow your balance tax-deferred
  • Avoid taxes when you use funds for qualified medical expenses
  • Roll your funds over each year—no “use it or lose it”
  • Enjoy an account that is portable—it goes with you wherever you go

Let's dig a little deeper.

You can also use the funds in your HSA Checking to pay for:
    • Health insurance premiums when you’re between jobs
    • Qualified long-term care premiums
    • Medicare premiums and out-of-pocket expenses
    • Living expenses after age 65 (pay ordinary income taxes)

Earn more as your account balance grows
With our tiered interest rates, the higher your balance, the more you'll earn. See HSA Checking Rates

It’s EASY to avoid a monthly maintenance fee
Just keep an average daily balance of $1,000 in your account, and you’ll avoid the $3 monthly maintenance fee for that month. That means your account will have no fee for that monthly period!

Visit our online HSA center to:
  • Open a new HSA Checking online. It’s quick and easy! Get started
  • Manage your account 24/7 - including making contributions or withdrawals
  • Get access to useful retirement products, set up a plan, and use helpful tools to run your numbers

Do you have questions about our HSA Checking account?

If you have questions after visiting our online HSA center, please call us at 503-785-2528. An Advantis member advisor will be happy to answer your questions and assist you in opening an account. Or simply visit any of our branch locations to work with a member advisor in-person.

*Contribution limits apply. Consult your tax advisor for specific tax information.