Set Aside Money for Future Medical Expenses with an HSA

HSAs are an employer-sponsored benefit account for people with a qualified high deductible healthcare plan. Participants make pre-tax contributions into their account and use the funds for out-of-pocket eligible medical expenses for themselves and their dependents.

A young doctor consulting a female in a medical office.

Health Savings Account Features

Earned
interest

Tax-free savings
for medical needs1

No minimum contribution
for opening2

Rollover funds
from previous year

HSA debit card with
contactless and chip pay

Your money FDIC
insured up to $250,000

Your money stays with you
no matter where you go

Health Savings Account Details

Contact your local banker for the current Annual Percentage Yield.3

Coverage under a HSA-qualified “high deductible health plan.”


Cannot be used in conjunction with Medicare.


Avoid a $2 monthly maintenance fee by keeping a minimum $200 daily balance.

For HSAs, the $200 daily balance requirement is waived for the first monthly analysis cycle.

Avoid a $2 paper statement fee by enrolling in eStatements.

Beginning Sept. 1, 2025, paper statements will incur a $4 fee.
Learn more about Going Paperless for your account statements.

1Peoples Bank does not provide legal, tax or accounting advice. Consult your tax advisor about tax benefits applicable to Health Savings Accounts.
2A minimum balance fee of $2.00 will be imposed per month if the account falls below $200.00 on any given day of the month. For HSAs, the $200.00 daily balance requirement is waived for the first monthly analysis cycle.
3Rate may change after the account is opened. 
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