Healthcare costs can add up, even with insurance. A Health Savings Account (HSA) from Capital Bank helps you set aside tax-free funds for qualified medical expenses not covered by your High Deductible Health Plan (HDHP). This interest-bearing account gives you convenient access to savings for healthcare needs today while helping you plan for the future.

Features

• Savings: Save money for future medical expenses, building your funds from year to year.
• Flexibility: Use for qualified medical expenses, including over-the-counter and out-of-pocket expenses.
• Ownership: The HSA is yours, not your employer’s, and you can take the accumulated funds with you should you terminate employment.
• Possible tax savings: The money contributed to the HSA through payroll deduction may not be subject to withholding for federal income tax nor other employment taxes. Many states, including New York, offer a similar state tax incentive.
• Control: You decide how much to set aside, and which expenses are paid.

For more details or eligibility requirements, please contact us today! View our current rates here.