Health Savings Account
Help With Those Occasional Visits
An HSA can't keep the doctor away — but it sure does help with those occasional visits. Set aside money for qualified healthcare expenses with real tax advantages.*
Decision Basics
Eligible With
High-deductible health plan
Tax Advantages
Triple tax-advantaged*
Funds Expire
Never — rolls over yearly
Minimum to Open
$100
Greater Control Over Your Healthcare
The Triple Tax Advantage*
1
Tax Deductions on Contributions
Get tax deductions when you contribute to your account — contributions can come from you, your employer, or a third party.**
2
Tax-Free Earnings
Your balance earns tax-free through investment, so your healthcare savings compound without a tax bite.
3
Tax-Free Withdrawals
Withdrawals are tax-free for qualified medical, dental, vision expenses, and more.*
Benefits You'll Love
Your Healthcare Safety Net — For Life
Triple Tax Savings*
Tax deductions when you contribute, tax-free earnings, and tax-free withdrawals for qualified medical, dental, vision expenses, and more.
Funds Roll Over — Forever
Unused funds remain in your account year after year. There is no 'use it or lose it' policy like a Flexible Spending Account.
Visa® Debit Card Included
A Visa® debit card is available at no additional cost, so you can pay for qualified expenses right when they come up.
FDIC Insured
Your HSA is federally insured by the FDIC up to $250,000. Your healthcare savings stay safe while they earn competitive interest.
How It Works
How an HSA Works With Your Health Plan
Enroll in an HDHP
An HSA requires enrollment in a qualifying High-Deductible Health Plan. Check with your employer or insurance provider.
Open & Fund Your HSA
Open your BRB HSA with a $100 minimum. Contribute tax-free — you, your employer, or a third party can all add funds.**
Pay Medical Expenses
Use your Visa® debit card or reimburse yourself for qualified medical expenses. Withdraw funds at any time.***
Who Qualifies
HSA Eligibility
You're eligible for a regular HSA contribution if, in any month, you meet all of the following:
- Covered under a high-deductible health plan (HDHP) on the first day of the month
- Not also covered by another health plan that is not an HDHP (with certain exceptions for preventive care and permitted coverage)
- Not enrolled in Medicare
- Cannot be claimed as a dependent on another individual's tax return
Current Rates
Health Savings Rates
| Product | Interest Rate | APY† |
|---|---|---|
| Health Savings Account | 0.10% | 0.10% |
Savings Goal Calculator
Plan Your HSA Savings Goal
A savings plan can help you reach your goal. Enter your target to see how much to save each month.
Monthly deposit needed to reach goal
$416.48
Estimate only. Assumes monthly compounding at the rate entered.
Our calculators are for informational purposes only and are not intended to provide financial advice. All examples are hypothetical and for illustrative purposes.
How an HSA Helps
Triple tax advantages, year after year
Pay for Care Tax-Free
Use your HSA for qualified medical, dental, and vision costs — contributions, growth, and withdrawals are all tax-advantaged.*
Carry It Forward Every Year
Unlike an FSA, your balance never expires. Unused funds remain in your account year after year — no 'use it or lose it.'
Keep It for Life
Your HSA stays in your name regardless of career or life changes, so you're prepared for healthcare expenses down the road.
Helpful Answers
Good Questions, Straight Answers
Plain answers, no jargon.
Ready When You Are
Take Control of Your Healthcare Savings
Visit a BRB branch to open an HSA with a $100 minimum, and use the calculator to plan contributions around future healthcare costs. Talk with a local banker to get started.
*Consult a tax advisor.
**When used for qualified medical expenses. Consult a tax advisor. Qualified expenses include most medical care and services, dental and vision care, weight loss programs, some over-the-counter medications, mileage, and more.
†You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income and is subject to a 10% penalty.
‡Annual Percentage Yield (APY) accurate and effective as of 4/1/2025. This rate is subject to change. Minimum balance to open and to obtain APY is $100. Certain restrictions and conditions may apply. Fees may reduce earnings. Ask us for complete details.