Health Savings Accounts that help you invest in your most important asset
Saving for life’s most important expenses is easy with a Gateway Health Savings Account (HSA). These special accounts are perfect for people with HSA-eligible health insurance plans. They also offer tax advantages to help you store money for medical expenses that meet certain conditions.
When you open an account, we’ll provide you with a Gateway ATM card that makes it easy to pay for qualified medical expenses. Online banking is included so you can keep tabs on medical expenses.
- $100 minimum opening deposit
- Earns interest
- Online banking and online bill pay included
Are you eligible for a Health Savings Account?
Health Savings Accounts (HSAs) are for qualified insurance plans only. Visit the U.S. Internal Revenue Service website to see if your plan meets the qualifications.
An important note
Gateway’s HSAs are intended to help you set aside pre-tax money for qualified health expenses. However, you are responsible for making sure that you satisfy the HSA eligibility requirements outlined in the Internal Revenue Code’s Section 223. If you set up an HSA and you aren’t really eligible, you will experience negative tax consequences. Just to be safe, we recommend that you contact your accountant or lawyer before establishing an HSA.