Health Savings Accounts (HSAs)

Waukesha State Bank’s Health Savings Account (HSA) offers the most competitive product available in the marketplace today, including:

• No Set-up Fees
• No  Monthly Maintenance Fees
• Only $1 Required to Open
• Great Interest Rate on Any Balance
• Free Visa® Debit Card*
• FreeOnline Banking
• UnlimitedCheck Writing
• Convenient LocationsThroughout Waukesha County

*There are no maintenance fees for a Visa® Debit Card, or usage fees when the card is used as a credit card. When used as a debit card, ATM terminal and point of purchase usage fees apply.

Why an HSA?

With an HSA account, you can pay for qualified medical expenses – tax-free. In combination with a high-deductible health insurance plan (HDHP), HSAs allow you to manage your health care costs with greater control, saving you time and money.

• You must have coverage under an HSA-qualified “high deductible health plan” (HDHP)to open and contribute to an HSA. Generally, this is health insurance that does not cover first dollar medical expenses.

• HSAs provide triple tax savings:
  1. Tax deductions when you contribute to your account
  2. Tax-free earnings through investment
  3. Tax-free withdrawals for qualified medical expenses

• Any contribution amount left over at the end of the year can remain in the account for future medical expenses.

• Catch-up contributions are available for those age 55 and older. Limits change on an annual basis.

HSA Customer Information Form

Interested? Stop by and talk to any of our friendly personal bankers for more information. We'll answer your questions and help you determine which account will work best for you.