Save For Medical Expenses, Tax-Free

Health Savings Accounts (HSA) are a smart way to save and pay for healthcare related services and products not covered by your health insurance. Your tax-free account balance rolls over from year-to-year, allowing you to use your HSA as both an immediate solution and a long-term investment. If you are currently covered by a qualified High Deductible Health Plan (HDHP), visit your local Dirigo branch to talk about opening your HSA today.

Why open an HSA?

  • Contributions to your HSA are tax deductible.
  • Your account balance rolls over from year-to-year and grows tax-free over time.
  • Personal contributions and your employer’s contributions will remain, even if you switch jobs.
  • HSAs earn interest and can be invested for additional income.
  • You can use your HSA funds to pay for medical expenses that are not covered by your health insurance (medical, dental, eye, mental health appointments, copays, prescriptions, etc).
  • Your HSA can be used to pay for medical expenses for your family, even if you’re enrolled for single coverage.

IRA & HSA Variable

Dividend Rates Effective September 1, 2021

TermDividend RateAnnual Percentage YieldMinimum Balance
to Open/Obtain
Annual Percentage
IRA Variable0.30%0.30%$0.00
HSA Variable0.05%0.05%$0.00
Rates are subject to change without notice once the account has been opened. Fees may reduce earnings. Stated minimum opening balance is required to obtain Annual Percentage Yield on all deposit accounts.
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