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HSA

Fidelity Bank & Trust Health Savings Accounts

Health Savings Accounts For You And Your Family

A Health Savings Account is an account that is designed exclusively for covering medical expenses incurred by the HSA owner or any family member under their health plan. These accounts are available to individuals covered by a high deductible health plan, regardless of whether the person is self-employed or employed by a small employer. HSAs can provide significant tax benefits to eligible individuals, and may also provide benefits similar to retirement plans. Assets may be withdrawn and used for qualified medical expenses including doctor visits, prescriptions, dental care, transportation for medical care, and long-term care insurance & healthcare coverage when unemployed.

You need $50 as a minimum deposit and contribution limits are adjusted each tax year. ‘Catch-up’ contributions are available for individuals age 55 or older. 2026 contribution limits are $4,400 for individuals and $8,750 for families with $1,000 ‘catch up’ contribution for individuals aged 55 and over.

If you’re ready to open an HSA or have questions, just give us a call or come see us.

2025 HSA Contribution Limits
Minimum Deductible
Maximum Out of Pocket
Contribution Limit
55+ Contribution
Single $1,650.00 $8,300.00 $4,300.00 $1,000.00
Family $3,300.00 $16,600.00 $8,550.00 $1,000.00

 

2026 HSA Contribution Limits
Minimum Deductible
Maximum Out of Pocket
Contribution Limit
55+ Contribution
Single $1,700.00 $8,500.00 $4,400.00 $1,000.00
Family $3,400.00 $17,000.00 $8,750.00 $1,000.00

 

When the account has a zero balance for sixty consecutive days, the account will automatically close. A deposit will reopen the account.
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