Health Savings<br>Accounts

Union State Bank is proud to offer Health Savings Accounts!

Created by Congress in 2004, Health Savings Accounts (HSAs) allow for eligible individuals to save for health-related expenses (including prescriptions) tax free! Click the links below to get more information about our Health Savings Accounts.

Who is eligible to own a HSA?

To be an eligible individual and qualify for an HSA, you must meet the following requirements.

You have a high deductible health plan (HDHP), described later, on the first day of the month.

You have no other health coverage except what is permitted under Other health coverage, later.
You are not enrolled in Medicare.
You cannot be claimed as a dependent on someone else's tax return.

If you meet these requirements, you are an eligible individual even if your spouse has non-HDHP family coverage, provided your spouse's coverage does not cover you.

Features of your HSA
Your HSA comes with these great features:

Your choice of checks, a debit card or both. While you must purchase the checks, there is no charge for the debit card.
Monthly statments available via paper copy or email.

Our online banking allows you to view your transactions, including check images, in real time (as soon as we process them). Check out the Online Demo via the menu on the left!
A competitive interest rate that allows you to earn on the money that you save.

Rates and Fees of your HSA
To set up a Health Savings Account, there is a $20 setup fee and a $3 monthly service fee. Other fees may apply, see your Account Agreement for more details

Current Deposit Rates:

Balance <$1,500 0.049% APR 0.05APY
$1,501 - $3,000 0.149% APR 0.15% APY
>$3,000 0.249% APR 0.25% APY

Additional Resources on HSAs
You can find a wealth of information on HSAs via the following links.

Balance <$1,500 0.049% APR 0.05APY$1,501 - $3,000 0.149% APR 0.15% APY>$3,000 0.249% APR 0.25% APY

Balance <$1,500 0.049% APR 0.05APY
$1,501 - $3,000 0.149% APR 0.15% APY
>$3,000 0.249% APR 0.25% APY