HSA contributions can be deducted from your gross income on your federal tax return.
Some states also allow the deduction from state income taxes.
You can pay for qualified medical expenses — tax free.
You benefit by earning interest.
You typically save on your premiums when you switch from a low-deductible to a high-deductible plan.
Your funds are portable and remain with you even if you switch jobs or are unemployed, move, have a change in marital status or obtain future medical coverage.
You benefit from long-term savings.
Your funds grow in your account, tax deferred and you can make withdrawals penalty-free at age 65.
Home Federal Savings Bank 1016 Civic Center Drive Northwest Rochester, MN 55901 Phone: 507-535-1200
