DoctorHealth Savings Accounts

Health Savings Accounts are intended to help you save money and take greater control of your health care costs. HSAs are always coupled with a High Deductible Health Plan (HDHP). HDHPs feature much lower premium payments than typical Low Deductible Plans. The money you save on premium payments can be invested in your HSA. Those funds will be available to help cover out-of-pocket qualified medical expenses. You are permitted to deduct the full amount of your contributions to your HSA and you do not pay taxes on the earnings as long as you spend them on qualified medical expenses.

To find out if you qualify for a Health Savings Account, please consult your attorney, tax or financial advisor with regard to your personal situation. Once you know that you are qualified, please contact the HSA Department at the Chippewa Valley Bank office location closest to you. We will be happy to assist you in opening your Health Savings Account.

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