Savings for your financial well-being.
Designed to help you save for qualified medical and health expenses on a tax-advantaged basis, participating in a Health Savings Account (HSA) means you will be prepared for medical events. Plus, experience the benefits of tax-deductible contributions and tax-free earnings and withdrawals along the way. Please consult your tax advisor.
A minimum of $25.00 is required to open the account. eStatement enrollment is required to avoid a $3.00 paper statement fee.
Why Choose an HSA?
Not only are contributions to your account tax-deductible, or tax-deferred if made by your employer, any investment earnings and withdrawals for qualified medical expenses are also tax-free.
- Fully Portable
Whether you change jobs or become self-employed, your account stays with you.
Your HSA with Illinois Bank & Trust earns interest and comes with a Visa Debit Card for your convenience in paying for doctor fees, prescriptions, and other medical expense purchases.