HSA Investments 101: How to Make Your Health Savings Account Work for You

Family benefitting from investing HSA funds

See if a Health Savings Account is Right for Your Investments

A health savings account, or HSA, is a way to set money aside for medical-related expenses while enjoying some moderate interest and tax benefits at the same time. Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, both for themselves and their dependents.

Some of the expenses that can be paid for with HSA funds–which at Alpine Bank are made available by a dedicated debit card associated with the account–include doctor visits, prescriptions, surgeries, dental work and more. Investing funds toward your HSA can also give you tax advantages while assisting with medical costs.

Learn more about health savings accounts at the IRS webpage, or consult your tax advisor or health plan administrator for eligibility requirements and guidelines. If an HSA is right for you, you can apply online to open an account.

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Alpine Bank Staff

Alpine Bank is an independent, employee-owned organization with headquarters in Glenwood Springs and banking offices across Colorado’s Western Slope, mountains and Front Range.

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