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Alpine Bank’s Health Savings Account puts you in control of your own health care expenses.
When you start your Alpine Bank HSA with an opening deposit of $100.00, you will receive…- No minimum balance
- No transaction fees
- Free HSA VISA debit card for quick and easy access to your account
- Monthly statements
- Free Online Banking and Bill Pay
- Earn interest on your HSA account*
There will be a one-time opening fee of $25.00. A maintenance fee of $3.00 will be charged monthly. A $25.00 closing fee will be charged at account closure.
* Please visit with your customer care representative for current rate information.
What is an HSA?
A Health Savings Account (HSA) is a tax-exempt account owned by a qualified individual. Contributions can be made by the individual, their employer, or both, to pay for current and future medical expenses. Funds accrued in the account are rolled over year-to-year if not used.
Am I eligible for an HSA?
You can contribute to an HSA if you…- Are covered by a high deductible health plan (HDHP)
- Are not covered by other health insurance
- Are not enrolled in Medicare
- Cannot be claimed as a dependent on someone else’s tax return
Children cannot establish their own HSA. Spouses can establish their own HSA, if eligible.
Eligibility requirements are based on IRS guidelines. If you are unsure if you qualify for an HSA, please consult your tax advisor and health plan administrator for eligibility.
What type of medical expenses can I use my HSA for?
Qualified medical expenses as defined under the federal tax law are eligible expenses. This includes most medical care and services, dental and vision care, and some over-the-counter drugs. You can use the money in the account to pay for qualified medical expenses not only for yourself, but your spouse or your dependent children as well, even if they are not already covered by your HDHP.
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