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Health Savings Accounts (HSAs)

Planning for healthcare expenses can be challenging, but the right savings strategy can help you prepare with confidence. A Health Savings Account (HSA) offers a tax‑advantaged way to save for qualified medical expenses today while helping support your long‑term financial goals.


A Smart Way to Save for Healthcare and the Future.

 

An HSA gives you greater control over healthcare spending while providing valuable tax benefits. Whether you're saving for current medical expenses or planning ahead for future healthcare needs, an HSA can help your money work harder.

Benefits

  • Triple tax advantage through tax‑deductible contributions, tax‑free earnings, and tax‑free withdrawals for qualified medical expenses. 
  • Earn interest while saving for future healthcare and retirement needs. 
  • Funds remain in your account year after year with no "use it or lose it" provision.
  • Keep your account even if you change jobs, retire, or experience other life changes. 







































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Easy access when you need it.
Use your CIB Debit Card to pay for qualified healthcare expenses directly from your Health Savings Account.


Health expenses can be unpredictable. An HSA helps create a dedicated savings source for qualified medical, dental, and vision expenses while providing tax advantages that may help maximize your savings potential.
Most adults under age 65 who are covered by a qualifying High Deductible Health Plan (HDHP) and are not enrolled in Medicare may be eligible to open an HSA. Eligibility requirements can vary, so consult your tax advisor for guidance.








Contributions may be made by you, your employer, or a third party.
Funds can be withdrawn at any time; however, withdrawals used for non‑qualified expenses may be subject to taxes and penalties.
A one‑time account opening fee of $20 applies.












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