A healthy way to save for medical expenses.

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Health Savings Account (HSA)

Save money for medical expenses for yourself and family¹ with a Health Savings Account (HSA). All contributions to your HSA are tax-deductible and eligible distributions are tax-free. Easily access HSA funds via your debit card or a check, and relax knowing unused funds carry over year-to-year.

You qualify if you are:

An adult covered by a high deductible health plan
Your insurance plan does not offer co-pays or pre-deductible payments
Not a dependent on someone else’s taxes
Not eligible for Medicare

First Bank of Berne HSA features:

Free HSA Debit Card
Unlimited check writing
Account earns interest
Direct deposit contributions
Fees may apply

¹Family members are not required to be on your insurance plan

WHEN AND WHAT TYPES OF CONTRIBUTIONS CAN YOU MAKE?

You can make tax-deductible contributions to your HSA whether or not your deductions are itemized (any time during the current year and between January 1st and April 15th for a prior year).
If you have an HSA account in a different bank, you can also make a rollover contribution once per year into your First Bank of Berne HSA account.
Your employer can make contributions that are not taxed to you as an employee or to the employer.
Anyone may make a contribution on behalf of an eligible individual, and the person receiving the contribution (account holder) gets the tax credit.
Direct transfers between financial institutions can be made without restrictions.