Your Health, Your Savings, Your Future

Get More With a No-Fee Health Savings Account (HSA)

Save for healthcare on your terms with an Independent Bank Health Savings Account for qualified medical expenses.

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Why Choose a Health Savings Account?

Tax-Free Spending

Save on taxes when you use your HSA for qualified medical expenses.^*

No Fees Means No Fees

Our HSA account has no minimum balance and no monthly service fees.

Earn Interest

Earn a competitive interest rate while covering health expenses now and in the future.

Free Debit Card

A free Debit Mastercard^® to manage your health expenses with ease.

Health Savings Account FAQs

Answers to Common Questions About Health Savings Accounts

What is required to open an HSA?

You must be enrolled in a high-deductible health plan (HDHP) to qualify for an HSA. You’ll need a valid ID, Social Security Number/Tax Payer ID, proof of address, and an initial deposit if required

Are there annual contribution limits?

Yes. For 2025, individuals can contribute up to $4,300, and families up to $8,550. Additional catch-up contributions of $1,000 are available for those aged 55 or older.

What happens to unused funds?

Unused funds roll over annually, allowing your balance to grow over time.

Can I invest my HSA funds?

Yes, investment options are available to help your HSA balance grow tax-free.
If your HSA balance is greater than $2,500, you can invest a portion of your HSA dollars into mutual funds through a brokerage account, call IB Wealth Management at 800.300.0459 for additional information.

What can I use HSA funds for?

HSA funds can be used for qualified medical expenses which may include doctor visits, prescriptions, and even certain over-the-counter items.