HEALTH SAVINGS ACCOUNTS
Health Savings Accounts (HSAs) are designed for employees with qualified high health
Qualified individuals and employers may make 100% tax free or deductible contributions (IRS
maximums apply). Use your money on qualified medical expenses or let it grow tax free. Let
Hilltop Bank help manage your account. Initial account set up and monthly fees apply.
HSAs offer valuable benefits:
Tax Savings: Contributions, distributions and earned interest are tax-free and/or tax-deductible.
Lower Insurance Premiums: Premiums will be reduced when you switch to a high
deductible health plan.
Portable:You own your account, and you keep your account even if you change jobs.
Long-Term Savings: You can choose to use your money now or save for future medical expenses. After you turn 65, you may use the money for medical expenses and Medicare premiums.
Earn Interest: Let the funds grow and earn interest tax-free.