What is a Health Savings Account (HSA)?
An HSA combines a qualified high-deductible health plan* with a tax-sheltered savings account. Eligible individuals may contribute and easily withdraw tax-free dollars to pay for qualified medical expenses.  And RiverLand HSAs have no setup or monthly maintenance fees!

Can anyone open an HSA?
If you are covered under a high deductible health plan*, are NOT covered under any other health plan, are NOT enrolled in Medicare, cannot be claimed as a dependent on someone else’s tax return, and have not been a recipient of veterans medical benefits in the previous three months, then you are eligible to establish an HSA.

What are the benefits of an HSA?

• Makes medical expenses more affordable
• Deposits are tax-free
• Withdrawals are tax-free when used for qualified medical expenses
• Investment earnings grow on a tax-favored basis
• Any unused balance may be rolled over from year to year
• It’s your money and you take it with you if you change jobs or insurance carriers
• Available to almost anyone covered under a high-deductible insurance plan

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If you’re being charged fees on your Health Savings Account, transfer to a RiverLand HSA and reduce your out-of-pocket expenses!

Allowable Expenses

General Information

U.S. Treasury Department Frequently Asked Questions

HSA Information

Direct deposit is the safest and easiest way to get your Social Security and other federal benefit payments.

Sign up for direct deposit of your Social Security or SSI payment!

Your Accounts are Federally Insured up to $250,000 by the National Credit Union Administration.

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