Health Savings Accounts (HSA)

You save for rainy days and retirement, but do you save for your healthcare? A Health Savings Account (HSA) is like an IRA for your healthcare that empowers you to prepare for and manage healthcare costs – both today and tomorrow.

  • Tax-advantaged* way to pay for qualified medical expenses
  • Must be used in conjunction with a High Deductible Healthcare Plan (HDHP)
  • Competitive interest, higher than regular savings
  • Annual deposits may not exceed maximum allowed by law*
  • Account belongs to you, not your employer
  • Easy way to access funds
  • No "use it or lose it" policy
  • Convenient automatic deposits from other German American State Bank accounts
  • Online banking
  • Mobile banking
  • $100 minimum deposit required to open

*Consult a tax advisor.