Smart Savings for Your Healthcare
A health savings account (HSA) works hand-in-hand with a qualified health insurance plan to maximize saving for qualified health expenses. Typically, an HSA-qualified health plan costs less than a traditional plan and the money you save can be put into a health savings account with tax benefits. Consult your tax advisor for your state’s tax rules and your specific situation.
Tax-Free Contributions and Earnings
The money you put into your HSA up to the annual contribution limit may be tax-free. The interest earned may be too!
Tax-Free Withdrawals
Funds can be drawn tax-free for qualified medical expenses that your insurance does not cover like prescriptions, eye exams or lab work.
Convenient Civista HSA Features
A Civista HSA works just like a checking account with easy payment features and interest-earning power.
- Free HSA debit card and HSA checks
- Digital banking, bill pay and our mobile app for 24/7 account access
- Competitive interest rate tiers for higher earning potential as your balance grows
- $50 to open
- No minimum balance required
- Low $3.00 monthly service charge and one-time set up charge of $10.00
Frequently Asked Questions
You are covered by an HSA-qualified health plan and have no other health coverage, such a secondary health plan.
You cannot be claimed as a dependent on another person’s tax return.
For 2024, the annual maximum contribution is $4,150 for single coverage and $8,300 for family.
For 2025, the annual maximum contribution is $4,300 for single coverage and $8,550 for family.
If you are 55 or older, you can contribute an extra $1,000 annually.
Non-qualified withdrawals by individuals under age 65 are taxable and subject to a 20% tax penalty. On or after age 65, or upon death, non-qualified withdrawals are taxable; however, there is no additional tax penalty.
