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Health Savings Account help you pay for qualified medical expenses

A Health Savings Accounts (HSA) are a tax-advantaged account that works with a high-deductible health plan to help you pay for current and future qualified medical expenses. HSAs are offered to qualifying individuals only in conjunction with a high-deductible health plan (HDHP).

  • Tax Savings – HSA contributions are tax-deductible, and earnings and eligible withdrawals are tax-free, as long as certain requirements are met.
  • Ownership and Control – You own your account and decide how to spend your healthcare dollars.
  • Convenience – You can use your HSA Visa® debit card to get instant access to your HSA and pay for eligible out-of-pocket health expenses. You can also use your checkbook to access the funds in your HSA.
  • Portability – You can continue your account even if you change places of employment. Guaranty Bank & Trust N.A. will still be here to service your account.
  • Roll Over – Unlike Flexible Spending Accounts with “use it or lose it” requirements, money left over in your HSA at the end of the year rolls over into the next year.
  • Minimum Opening Balance of $50
  • Interest-Bearing Account – Daily interest paid on the entire balance.
  • Unlimited Check Writing
  • Free Visa® Debit Card
  • Annual service fee of $25 per year will be charged to your HSA on June 30th. Minimum balance to avoid service charge is $5,000, based on HSA balance on June 30th.
For more information about an HSA from Guaranty Bank & Trust N.A., please read the Frequently Asked Questions.

A complete fee schedule is available when you enroll.

*Refer to a tax professional regarding potential tax savings with an HSA account.
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