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A Health Savings Account (HSA) is used to pay, on a tax-free basis, the qualified
medical expenses of the accountholder and their family who have a High Deductible
Health Plan (HDHP). The HSA is available to help pay for the expenses the HDHP does
not cover.
To be eligible for an HSA, you are:
- Covered under a HDHP
- Not covered by another health plan that is not an HDHP
- Not enrolled in Medicare
- Not eligible to be claimed as a dependent on another individual’s federal income
tax return.
An HSA at WaterStone Bank can provide significant tax benefits to eligible individuals,
relating to paying qualified medical expenses, as well as provide benefits similar
to many tax-favored retirement plans. We also provide checks and a CheckCard for
easier access, and competitive rates are paid so you can maximize your savings.
Have peace of mind that you have savings ready when you need it.
For more detailed information about a WaterStone Bank Health Savings Account, please
visit a branch near you, or call Customer Service at 414.761.1000.
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