Health Savings Accounts
A Health Savings Account (HSA) is an account you can use to save for future medical expenses and includes favorable tax treatment.
Any adult can contribute to an HSA if they:
- Have coverage under an HSA-qualified high deductible health plan
- Have no other first-dollar medical coverage (other types of insurance like specific injury insurance or accident, disability, dental, vision or long-term care insurance are permitted.)
- Are not enrolled in Medicare or cannot be claimed as a dependent on someone else’s tax return
You can contribute to an HSA and so can your employer; however, annual contributions are limited.
Make a contribution to an existing HSA here and click on Manage My Account.
How to use your HSA
You’ll have access to your Heartland HSA with a debit card and checks. Click here to use Heartland’s Retirement Central for complete information and applications.
Please Contact Us if you have any questions.
- This account is used as a tax-deferred means of saving for medical expenses.
- There is no application fee, no minimum balance requirement, and no per check fee.
- At least $250 is required to earn dividends.
- This is a tiered rate account. Daily balance dividends are calculated and paid monthly.
- Dividends are not earned for the month in which the account is closed.
Health Savings Account
|Minimum to Earn Dividends||Rate||APY|
|Health Savings Account||$250 - $2,499||0.05%||0.05%|
|Health Savings Account||$2,500 - $4,999||0.07%||0.07%|
|Health Savings Account||$5,000 - $14,999||0.12%||0.12%|
|Health Savings Account||$15,000 +||0.15%||0.15%|