Benefits of an HSA

Benefits of an HSA

You are able to claim a tax deduction made by you or someone other than your employer even if you do not itemize your tax return. Contributions made by your employer may be excluded from your annual gross income. 3Rivers HSAs offer a dividend and the dividends earned is tax-free. 

Distributions may be tax-free as long as the funds are used to pay a qualified medical expense or until you reach age 65.

Contributions to your HSA are yours to keep (even if you change jobs). They do not follow the “use it or lose it” policy of some other tax-favored accounts. Any unused HSA funds remain in the account from year to year. 

3Rivers allows you to open your HSA in a branch or online. We pair our HSA checking accounts with a free debit card, free online account access and free bill pay (paper checks can be provided at cost upon request).