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Health Savings Accounts (HSA)

An easier way to manage the cost of healthcare and gain peace of mind.

What is an HSA?

An HSA is a special tax-sheltered deposit account for those who have a “High Deductible Health Plan” (HDHP). You can save money in your HSA, and use the funds to pay for eligible healthcare expenses.

Unlike a flexible spending account, your balances carry over year to year without “use it or lose it” requirements.

HSA Benefits

  • Earns interest
  • Features tax-deductible contributions
  • You keep your contributions if you change jobs or retire
  • No minimum balance requirements
  • No monthly service charges with eStatements (Otherwise, $3.00/month)
  • Free Mastercard® debit card
  • Open quickly and easily online!
Open HSA - Family   Open HSA - Individual

Am I Eligible?

To be eligible you must be under age 65 and …
  • Enrolled in a qualified HDHP
  • Not covered under other health insurance
  • Not enrolled in Medicare
  • Not eligible to be claimed as a dependent on another individual’s tax return

2020 Contribution Limits 

For 2020, if you have an individual High Deductible Health Plan (HDHP) coverage, you can contribute up to $3,550. If you have a family HDHP coverage, you can contribute up to $7,100. Please consult your tax advisor to discuss your personal financial situation.

Business Owners 

Are you looking to save money and establish a High Deductible Health Plan for your employees? If so, a Starion HSA may be just the answer for them! Give your employees an easier way to manage the cost of healthcare by talking with your business banker today.

Questions? Call 888-258-6050. We’re here to help!

Contact a banker

Open Account

Open a checking or savings account online in under four minutes!

Starion Bank has many options to meet your banking needs including personal checking, savings, and loans

Need help deciding which account is best for you?

Open Account Online