Main Content Locations - Lost or Stolen Card - Contact Us - 870-895-2591 ACCOUNTS LOANS EBANKING RESOURCES COMPANY Skip Text Health Savings Account A Health Savings Account (HSA) is a tax-exempt trust or custodial account established for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents. Contributions to an HSA are tax deductible, the earnings grow tax deferred, and distributions to pay or reimburse qualified medical expenses are tax free. You are an eligible individual and may make regular HSA contributions if you are covered under a qualifying high deductible health plan (HDHP) and answer "No" to each of the following questions: Do you have other health coverage (except permitted coverage)? Are you enrolled in Medicare? Are you claimed as a dependent on another person's tax return? Must meet eligibility requirements. Substantial penalty for early withdrawal may apply. USA Patriot Act Notice Important information about procedures for opening a new account: To help the government fight the funding of terrorism and money laundering, Federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, physical address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver’s license and/or other identifying documents. Member FDIC Equal Housing Lender online banking SERVICES Home Accounts Loans E-Banking Resources Company COMPANY Contact Us Locations Disclosures Site Map Get Adobe Reader DOWNLOAD OUR APP Our app is fast, secure, and free. Use your current login information to start banking on your mobile device ©Copyright 2020 Bank of Salem. All rights reserved.