Health Savings Account
The Health Savings Account* is a unique savings option that allows you to save for future medical expenses tax-free. An HSA at First Community earns the same interest rate as our highest tier of the Money Management Account on the first of each month. Interest is calculated daily and compounded monthly. The HSA comes with a free Debit card, checks, and EXPRESSnet for easy access. Plus, no custodial or maintenance fees are assessed on this account.
To contribute to an HSA, you must meet certain requirements such as having medical coverage only under an HSA-qualified High Deductible Health Plan, not being enrolled in Medicare and not being claimed as a dependent on someone else's tax return.
To open your Health Savings Account, call 636-537-4400 x 1397 or 800-767-8880, ask for the HSA Department.
To learn about health savings accounts, go to HSAfinder.com.
*Must qualify for membership. $1 share deposit required.