For your protection and the protection of our staff, the Cody lobby is temporarily closed due to staff members possibly being exposed to Covid-19.

The drive thru will be open 8:30a.m. - 5:30p.m. Monday through Friday.

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Health Savings Accounts

 

"Health Savings Accounts (HSAs) were created in 2003 so that individuals covered by high-deductible health plans could receive tax-preferred treatment of money saved for medical expenses.  Generally, an adult who is covered by a high-deductible health plan (and has no other first-dollar coverage) may establish an HSA."

From The U.S. DEPARTMENT OF THE TREASURY


 

Health Savings Account
DescriptionAPRAPY
Health Savings Account 0.15% 0.15%

 

 

HSA Contribution
Effective Date: 2020
*Catch Up Limit is for those individuals over age 55
DescriptionSingleFamily
Contribution $3,550 $7,100
*Catch Up $4,500 $8,100

 

Taxes and penalties may be assessed by the IRS for withdrawal for non-medical purposes. Overdraft fees may be assessed when applicable.