What is a Health Savings Account?

What Is An HSA?

What Is An HSA?

A Health Savings Account (HSA) is a tax-favored account used in conjunction with an HSA-compatible health plan. The HSA allows you to contribute funds on a pre-tax or tax-deductible basis, which may be used to pay for Eligible Medical Expenses. Besides offering several tax benefits, there are many other HSA advantages.

How to Open an HSA

To make it more convenient to open an HSA, Avidia Bank offers an onlne enrollment feature. To enroll, click the button below or enroll by mail.

If you have an HSA with another institution and would like to benefit from our services, learn how by clicking here.

What Are The Benefits?

You will receive the following benefits from Avidia Bank:

  • Quick enrollment process with no set-up fees
  • Attractive interest rates with no enrollment or maintenance fees
  • Convenient access to your account
  • Multiple convenient withdrawal options
  • Personalized customer service