What is an HSA?
An HSA is a tax-advantaged savings account for people covered by a High Deductible Health Plan (HDHP) and can be used for qualified medical and dental expenses. Deposits, dividends and withdrawals are all federal-tax deductible.
Wondering how much you could save with an HSA? Use our calculator to find out.
Calculator
Is an HSA with a high deductible plan right for me?
Health Savings Account (HSA)
Interest that grows with your balance
- Available to individuals enrolled in a High Deductible Health Plan (HDHP) and who meet eligibility requirements
- All account balances are interest-paying and federal tax-deductible
- Contribute as much as you want up to the IRS maximum
- Interest: 0.05% to 0.15% APY2
- 0.05% monthly interest on balances $0–$2,000
- 0.10% monthly interest on balances $2,000.01–$3,500
- 0.25% monthly interest on balances over $3,500.01
- Free for Patelco Commitment Household Members
- $2 monthly fee (Fee is waived for 1st year)
Patelco HSA benefits
Tax-free Interest Growth3
6,000 Shared Branches
30,000+ Free ATMs Nationwide
Federally Insured Up to $250,000
Federally Insured Up to $250,000
Rest assured that your deposits are safe and secure
Tax-Deductible Contributions
Tax-Deductible Contributions
Your HSA contributions are 100% deductible up to the legal limit
Learn more
No Minimum Balance
No Minimum Balance
An easy way to make your hard earned money work harder
- Consult your tax professional
- APY = Annual Percentage Yield
- The information on this page is provided by Ascensus Inc. and the IRS and is not intended as tax advice. Some States do not provide tax benefits. Please consult a tax professional.