Save for tomorrow's qualified medical expenses with an HSA.
What if your health and finances could work together? Keep your pocketbook in peak condition with a Health Savings Account (HSA) from Hometown Community Bank! With an HSA, you can save tax-free* today to prepare for tomorrow’s medical expenses.
A health savings account is a personal savings account specially designed for individuals with a high-deductible health plan. When funds are used for qualified medical expenses, contributions are tax-deducible*! This savings account allows you to pay for qualified medical expenses as you incur them using a Hometown Community Banks HSA Debit Card or checks. The IRS Publication 502 contains a partial list of qualified medical expenses*.
Minimum Opening Deposit:
There is no minimum deposit to open your Health Savings Account.
There is no minimum balance required.
Monthly Service Fees:
There is no monthly service fee; however, there is an annual fee of $25.
- Enrolled in a High-Deductible Health Plan (HDHP)
- Not covered under another non-HDHP
- Not enrolled in Medicare
- Not eligible to be claimed as a dependent on another's individual tax return
*Consult a tax advisor for specific details.
Rates effective as of June 5, 2023
Interest Rate is variable and may change after the account is opened. Fees may reduce earnings. APY is Annual Percentage Yield. View Current Rates