Health Savings Accounts

Health Savings Accounts (HSA)

Prepare for healthcare expenses while enjoying potential tax advantages with a Health Savings Account from North Salem State Bank.

An HSA helps individuals and families save for qualified medical expenses with funds that stay with you year after year. It’s a flexible way to plan for current and future healthcare costs while keeping your money accessible when you need it.

Benefits of an HSA

• Save for qualified medical expenses with potential tax advantages
• Funds roll over from year to year
• Use your HSA debit card for eligible healthcare purchases
• Maintain control and ownership of your account
• Convenient access through Online Banking and Mobile Banking
• No “use it or lose it” restrictions

Who Can Open an HSA?

Health Savings Accounts are available to individuals enrolled in a qualified High Deductible Health Plan (HDHP). If you’re unsure whether your health plan qualifies, our team can help answer general questions and guide you through the account opening process.

Easy Access to Your Funds

Manage your HSA easily with Online Banking, Mobile Banking, eStatements, and debit card access. Whether you’re paying for prescriptions, doctor visits, or future healthcare expenses, your funds are available when you need them.

Local Support You Can Count On

At NSSB, you’ll always have access to a local team that’s ready to help. We’re here to answer questions, explain account features, and provide personal service every step of the way.

Contribution Limits & Eligibility

Health Savings Account contribution limits and eligibility requirements are established by the IRS and may change annually.

For the most current information regarding HSA contribution limits, qualified expenses, and eligibility requirements, please visit the IRS website.

View IRS Health Savings Account Information