Health Savings Account

Let Peoples keep your family healthy. Find the benefits of a tax-advantaged HSA today!

Are you looking for help with the high cost of healthcare? A health savings account might be right for you!

A Health Savings Account (HSA)  is a tax-advantaged medical savings account available to taxpayers who are enrolled in a High Deductible Health Plan (HDHP). If you are covered by a HDHP plan, you can establish a tax exempt Health Savings Account (HSA) to help pay for qualified medical expenses for you and your family.  

The funds contributed to an HSA are not subject to income tax, but can only be used to pay for qualified medical expenses for yourself, your spouse and your dependents. The excess funds are allowed to roll over from year to year and remain yours.

To qualify for a Health Savings Account you must:

  • Be insured under a High Deductible Health Plan
  • Not be insured by any other health plan
  • Not be enrolled in Medicare
  • Not be claimed as a dependent on another person’s tax return

Click here to watch one of our Online Education Center videos about Health Savings Account.

Benefits:

  • Free Debit Card
  • Tax savings
  • Earned interest
  • Allows deposits by employee or employer
  • Allows direct deposits
  • Minimum deposit to open is $1.
  • No limit on transactions

Click here to watch one of our Online Education Center videos about Debit Cards.

Contact us at 937.653.1600 or stop by one of our locations to open an account today!

Important Information Regarding Federal Deposit Insurance Coverage (FDIC)

The FDIC Insurance Coverage has been permanently increased to $250,000 per depositor, per institution. To learn more about the FDIC or to understand more about coverage, visit FDIC Electronic Deposit Insurance Estimator (EDIE).