Main Content Banking Login PERSONAL BUSINESS RESOURCES CONTACT Main Skip Text Personal Checking Accounts Savings Accounts Mobile Banking Certificates of Deposit Loans Debit and Credit Cards Individual Retirement Accounts Health Savings Accounts Trust Services Mobile Banking Download our app for iPhone & Android and bank on the go! Health Savings Account Are you covered under a high deductible health plan? A Health Savings Account (HSA) might be right for you. A Health Savings Account is an account designed solely for covering medical expenses. Each year you and/or your employer can make contributions to your account. You choose whether to use the funds for current bills or to save for future health care expenses. Who is eligible for a Health Savings Account? Individuals that are enrolled in a high deductible health plan, who are not covered by any other health plan, not entitled to benefits under Medicare, and not a dependent on another person's tax return. Please click here for a printable questionnaire to help determine your eligibility. How does it work? As funds accumulate in your HSA, you can use them to pay for current medical expenses including expenses that your insurance may not cover, or save the money in your account for future or unexpected medical bills. Any unused funds carry over year-to-year. You keep your account even if you move, change jobs or change your medical coverage. What are the tax benefits? Contributions may be tax deductible and withdrawals used for medical expenses are tax-free. Consult your tax advisor or IRS Pub 969 for more information. What are the features of a Health Savings Account? Features of a Health Savings Account include: Interest bearing account. Minimum to open account is $100. No service charge if $100 balance is maintained every day of the statement cycle. No per item charge. Check images returned in statements. Interest is compounded daily and paid monthly. MasterCard® Debit Card. Bill Pay. Fees may reduce earnings on this account. Customer Service Line Monday-Thursday: 8am - 5pm Friday: 8am - 6pm Local: 208.523.2020 Toll-Free: 800.477.9193 Quick Links Home Personal Checking Personal Loans Business Banking Business Loans Financial Calculators Company Privacy Security/Fraud Alerts Disclosures Site Map Report Lost/Stolen Card Get Adobe Reader Have Questions? ©Copyright 2021 Bank of Commerce. All Rights Reserved.