Health Savings Account
Health Savings Account | Johnson Bank
If you have an eligible High Deductible Health Plan (HDHP), a Health Savings Account (HSA) allows you to save money for qualified medical expenses. Your contributions are made with pre‐tax dollars, and any interest earnings are also tax‐free, providing you with a smart way to save for medical expenses. In addition, any unused funds are automatically rolled over from year to year. The amount of your annual contribution is determined by individual eligibility.
Money can be deposited in your account via payroll deduction or a deposit at your local branch. For your convenience, you can withdraw funds and make payments with the Johnson Bank HSA Visa® Debit Card.
||Contribution – Limited to the Amount Set by Law
||Add Catch‐Up Contribution Available for Ages 55 or Older
||Maximum Contribution Limit with Catch-Up Contribution for Ages 55 or Older
1 Limits subject to change.
For more detailed information on what is considered a qualified or non‐qualified expense, please download this informational PDF from the IRS: Medical & Dental Expenses
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