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Fulton Bank

Health Savings Account

Saving for your health today is investing in tomorrow.

A Health Savings Account (HSA) is a type of tax-exempt custodial account that helps people with qualified high-deductible health plans (HDHPs) save money for out-of-pocket medical expenses like doctor visits and prescriptions. Individuals can open an HSA on their own, through an employer or an eligible healthcare provider. 

Always check with your employer or healthcare provider, but typically you're eligible for an HSA if:

  • You're covered under a high-deductible health plan
  • You're not enrolled in Medicare
  • You're not a dependent on another person's federal income tax return

Our HSA account offers you:

  • An interest-bearing checking account with competitive rates
  • $100 minimum daily balance to earn interest
  • No account set-up fee, but an annual fee applies
  • A debit card - use it at doctor's offices, pharmacies, and drug stores
  • Check access - includes your first pack of starter checks
  • Online and mobile banking
Balance Interest Rate APY1
Tier 1 $100 - $999
0.15%
0.15%
Tier 2 $999.01 - $4,999 0.15% 0.15%
Tier 3 $4,999.01 - $14,999 0.35%
0.35%
Tier 4 $14,999.01 or more 0.35% 0.35%

Apply For a Health Savings Account Today.

Use our online application to apply for an HSA account. Applying online is easy and should only take a few minutes.

HSA Federal Tax Benefits

Your contributions are fully deductible and your earnings grow tax deferred. The distributions for qualified medical expenses are also tax-free. You can deduct contributions made by anyone, other than your employer, as long as they don't exceed the maximum annual contribution amount. Your tax advisor or legal professional can provide guidance if you have questions. 

Contributors to an HSA

Once you have determined that you meet the eligibility requirements for an HSA, you, your employer, your family members, and any other person may contribute to your HSA.

HSA contribution limits and deductible requirements

Contribution limits and deductible requirements are set by the Internal Revenue Service (IRS) each year. There is a limit on the 'out of pocket' expenses that can be incurred during the tax year. You can reference the IRS Website to check limits and requirements. For guidance, contact your tax advisor or legal professional.

You have questions. We have answers.

Find a Financial Center.

Visit a branch to speak with a Customer Service Representative to get started today.

Get more details

View our printer-friendly product information sheet to learn more about our Health Savings Account.

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