• Who Is Eligible
• Contributions
• Withdrawals
• Eligible Expenses
• Potentially Eligible Expenses
• Ineligible Expenses
• Crossover
• Investment Options
• HSA Debit Card
• HSA Application

A Health Savings Account (HSA) is like a 401(k) for your health. You and/or your employer can make contributions to your account each year. If you don't use all the money in your account, the balance rolls over to following years. Those dollars continue to earn interest — and continue to be available for medical expenses year after year.

An HSA is a tax-exempt trust or custodial account in which you can save money for qualified medical expenses. Benefits include:

• You own the account. Your rights to the account are non-forfeitable.
• The interest or other earnings added to your account balance are not taxable.
• You can make tax-deductible contributions (up to certain limits) or you can make tax-exempt contributions if your HSA is part of your employer's cafeteria plan.
• Your employer may also make contributions to your HSA that are excluded from your taxable income.
• Through an arrangement with the Charles Schwab Trust Company, investment options are available to HSA participants.

SelectAccount offers three Health Savings Account options:

Based on valued customer feedback, SelectAccount offers three Health Savings Account options. You can choose from three administrative fee and interest-rate options, which give you greater flexibility to manage your account. If your HSA has been set-up by your employer, an option has been selected for you.

• HSA Fee/Interest Rate Options.

Find out more about HSAs:

• Who is eligible: See if you qualify for an HSA.
• Contributions: Learn about contributions — how they work and how much you can contribute.
• Withdrawals: Gain an understanding of the withdrawal process.
• Eligible/Ineligible Medical Expenses: Get the details on what can and can not be reimbursed through an HSA.
• Crossover: See how you can eliminate the need to file a paper claim with our Crossover feature.
• Investment Options: Learn about the investment options available to you.