Healthcare Savings Account - HSA

The Health Savings Account (HSA) offered by Equity Bank is a pre-tax financial tool designed to cover eligible medical, dental, and vision expenses. This account is available to individuals enrolled in a High-Deductible Health Plan (HDHP). HSAs provide a triple-tax advantage, allowing contributions, earnings, and withdrawals for qualified expenses to be tax-free. Equity Bank's HSA also features flexible investment options, including interest-bearing accounts and mutual funds through a Health Savings Brokerage Account. With 24/7 access via a consumer portal and mobile app and a multi-purpose debit card, managing healthcare finances is straightforward and efficient. Additionally, the HSA remains under the account holder's control, accumulating funds over time that can be used for non-healthcare expenses after the age of 65 without penalties.