Health Savings Accounts (HSAs)
Flexible savings for your health and future.
A tax-advantaged account made for real life.
A Meridian Trust Health Savings Account helps you prepare for expected and unexpected medical expenses. You get tax benefits, easy access to your funds, and the flexibility to spend, save, and invest your HSA dollars your way.
Why Choose an HSA
- Tax-deductible contributions
- Tax-free withdrawals for qualified medical expenses
- Earnings grow tax-free
- Funds roll over year after year
- Keep your HSA even if you change jobs
- Use for medical, dental, vision, prescriptions, and more
How It Works
To open a Health Savings Account, you must be enrolled in a qualified High Deductible Health Plan (HDHP). From there, you can:
- Contribute up to the IRS annual limits
- Spend with your HSA debit card
- Save for future healthcare costs
- Track everything through Online and Mobile Banking
- Use your funds now or let them grow for late
Your unused balance never expires, and you always own 100 percent of the funds.
Why Choose an HSA
Meridian Trust HSAs have no monthly or annual fee. Using your funds is simple with your HSA debit card. You can use your HSA for a wide range of qualified medical expenses, including:
- Doctor visits and clinic services
- Prescription medications
- Dental exams, cleanings, and procedures
- Vision exams, glasses, and contacts
- Physical therapy and chiropractic care
- Lab work and diagnostic tests
- Mental health services
- Hospital services
- Medical equipment and supplies
- Eligible over-the-counter items
For most members, this is the reassurance they need to understand the real value of an HSA.
CURRENT RATES
Minimum Opening Balance | Minimum Balance to Earn APY | Dividend Rate | APY* |
|---|---|---|---|
Minimum Opening Balance $0 | Minimum Balance to Earn APY $100 | Dividend Rate 0.05% | APY* 0.05% |
*APY=Annual Percentage Yield. Rates may change without notice. Rates above are effective as of December 5, 2022. Penalty may be imposed for early withdrawal. Special promotional rates may not be combined with other offers. Fees could reduce the earnings on the account. Membership required.
HOW TO OPEN YOUR HSA
Confirm HDHP coverage
Make sure you’re enrolled in a qualifying High Deductible Health Plan.
Bring your ID
A valid government-issued photo ID is required to open an account.
Provide your social security #
We’ll verify your identity and set up your HSA.
Make your first contribution
Start with any amount. You can add funds anytime up to the annual limit.
RELATED PRODUCTS + SERVICES
Your next financial step starts here.
An HSA is one of the smartest ways to protect your health and your wallet. Let’s get you set up.
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DISCLOSURES: **APY=Annual Percentage Yield. For these accounts, the APY for tier will apply only to the portion of the account balance that is within that tier. The APY, which will vary depending on the balance in the account, is shown for each tier. Total interest paid on these accounts is the sum from each tier resulting in a “Blended APY” as disclosed on the rates and service charges document and product details page. A monthly qualification cycle begins on the first day of the statement cycle and ends on the last day of the statement cycle. Limit one Reverse Tier Money Market Account per primary Social Security Number. Certain withdrawal limits apply to Money Market accounts, be sure to review your Membership and Account Agreement Disclosure for details. Credit Union membership required. If you’re not already a member, it’s easy to qualify. Ask to join today! Federally insured by the NCUA.