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.

Find out more about HSAs:

Apply Today!

You can apply online for an HSA.

Already Have an HSA?

You can login to view account status, request withdrawals, change contribution amounts, activate a self-directed Basic Investment Account, and more.

If you already have a Basic Investment Account, you can view the account here.

Contact Us

For questions about the health savings account, please call (651) 662-5065 or toll free at 1-800-859-2144. Our customer service representatives are available Monday-Friday, 7:00 a.m.-7:00 p.m. (Central Time).