The only thing that may make our HSA more amazing would be if the account would work out and eat our veggies for us!
Your Amazing Health Savings is Possible
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No Monthly Service Fee or Annual Fee
Tiered APY: Earn 3.00% Annual Percentage Yield on balances equal to or greater than $20,000.00
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Maximize Your Tax Savings*
Why Open an HSA?
Maximize Your Tax Savings*
- Pre-Tax Contributions: Reduce your taxable income with contributions made before taxes.
- Tax-Free Growth: Your HSA contributions and earnings grow tax-free.
- Tax-Free Withdrawals: Use your HSA funds tax-free for eligible medical expenses.
*Consult with your tax advisor to see how an HSA can fit into your tax strategy.
Plan for Your Future
- Long-Term Savings: Save for future healthcare expenses, including retirement healthcare costs.
- Rollover Funds: Unlike Flexible Spending Accounts (FSAs), HSA funds roll over year to year.
Flexible Spending Options
- Wide Range of Eligible Expenses: Use your HSA for medical, dental, vision, and prescription expenses.
- Portability: Your HSA stays with you, even if you change jobs or retire.
- Reimbursement Flexibility: Pay out-of-pocket and reimburse yourself later when you have the funds.
Are you looking at the Health Savings Account (HSA) as a retirement account? Do you have an amount in mind that you want to carry over into retirement? This calculator will help you determine what you need to do in order to reach your goal.
Features of your Profinium HSA
- No Annual or Monthly Fees
- Tiered APY: Earn higher APY as your HSA balance grows.
- Easy Account Management: Access to our free and User-friendly online platform for managing your HSA.
- Free access to our money management app, Money Pro.
- Funds can be withdrawn at any time by check or debit card.
- No minimum balance requirements after $100 minimum deposit to open the account
- Comprehensive Support: Access to our dedicated customer service team for any HSA-related inquiries.
| Balance Tiers | Annual Percentage Rate Earned |
|---|---|
| Balances less than or equal to $9,999.99 | 0.50% |
| Balances between 10,000.00-19,999.99 | 0.75% |
| Balances greater than or equal to $20,000.00 | 3.00% |
Annual Contribution Limits
Contribution limits are subject to change each year. Contributions are tax-free, with limits set by the IRS, and can be made by you, your employer, or a third party.
- $4,150.00 for Individual Plans
- $8,300.00 for Family Plans
- $1,000.00 for Catch Up Contributions for those 55 and older
Eligibility
Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine their own eligibility. Please contact your tax advisor for further eligibility requirements.
HSA Product details effective July 1, 2024. You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 20% penalty. No minimum balance requirements after $100 minimum deposit to open the account. Fees may reduce earnings. The minimum balance required to obtain the APY is $0.01. Rates may change after the account is opened without notice. Additional terms and conditions may apply.
Data rates may apply for access to online and mobile banking services and our spending management app - Money Pro.
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