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Prepare for qualified medical expenses with an FVSBank health savings account (HSA). With an HSA, you can afford to make your health a priority.

Key Features

  • Competitive Interest
  • Tax Advantages1
  • Debit Card


  • Greater personal control over healthcare management and expenses
  • Prepare for qualified medical expenses
  • Earn interest above standard savings
    • Maintain a minimum daily balance of $50 each day to obtain disclosed APY
  • An HSA provides triple tax savings:
    • Tax deductions when you contribute to your account
    • Tax-free earnings through investment
    • Tax-free withdrawals for qualified medical, dental, vision expenses, and more1
  • Contributions are tax-free and can be made by you, your employer, or a third party
  • Avoid the $4 monthly service fee by doing one of the following:
    • Maintain direct deposit of income; or
    • Open a relationship checking account, or
    • Link this account to a Certificate of Deposit or loan of $2,500 or more
  • Unused funds remain in account year after year; no "use it or lose it" policy
  • Keep your HSA in your name, regardless of career or life changes
  • FVSBank HSA Debit Card included
  • $25 enrollment fee
  • $50 minimum deposit to open

1Consult a tax advisor.


A health savings account (HSA) is an account that you can use to pay for certain health care expenses. To open an HSA, you must be enrolled in a qualified high-deductible health plan or HDHP. 

If you are enrolled in a high-deductible health insurance plan (HDHP) as defined by the IRS, you can qualify for an HSA. You cannot open an HSA if:

  • You have other health coverage that helps you pay for health care expenses before your deductible is met.
  • You or your spouse has a flexible spending account (FSA) or health reimbursement arrangement (HRA).
  • You also have Medicare or TRICARE.
  • Someone else can claim you as a dependent.
  • You have used Veterans Affairs hospital or medical services in the three months prior to opening your HSA, unless it was for a disability related to your military service.


Coverage Contribution Maximum 2022 Contribution Maximum 2021
Individual with Self Coverage $3,650 $3,600
Individual with Family Coverage $7,300 $7,200
Catch Up Contributions (Age 55 and older) $1,000 $1,000

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