Health Savings Accounts

Take control of your healthcare dollars with a Health Savings Account (HSA).

Use pre-tax dollars to pay for current and future medical expenses. An HSA combines a high-deductible insurance plan with a tax-exempt savings account.



Open My HSA Account

Call us today at (866) 236-8744 or stop by any Central Bank location to learn more.

What is an HSA?

A Central Bank HSA offers a triple tax advantage – deposits are tax deductible, growth is tax-deferred and spending is tax-free if used for qualified health care expenses. You must be enrolled in a qualified high deductible health plan to enroll. Once enrolled, you own your HSA even if you change jobs or retire. Plus, the balances roll over from year to year.

Why choose an HSA?


  • You choose when to make your contributions and how to invest them.
  • You can use the funds at any time for qualified medical expenses.

Tax Freedom:

  • Your contributions are 100 percent tax-deductible.
  • Your employer’s contributions to your HSA are excluded from your gross income.
  • Your interest on the account is tax-deferred.


How does an HSA work?

HSAs work just like a normal checking account. You can use a debit card or online bill pay for medical expenses. You put money into the account just like depositing money into a checking account. You can also view your transactions online and in a monthly statement.

Health Savings Accounts FAQs