Health savings accounts provide:

  • More affordable health insurance policies
  • Tax-deductible deposits
  • Tax-deferred growth
  • Tax-free distributions

Health savings accounts enable you to take control of your own health care decisions. They help you to save money on insurance premiums and on income taxes. Ask a representative for more information on setting up your Health Savings Account.


No minimum deposit to open.

You must be:

  • Covered by qualified high deductible health insurance plan (HDHP)
  • Not covered under other health insurance that is not a HDHP
  • Not enrolled in Medicare
  • Not another person’s dependent


No fees associated with a Health Savings Account


  • Contributions remain in your account year after year until you use them
  • Contributions are tax-deductible
  • Withdrawals to pay for qualified medical expenses are not taxed
  • Earnings accumulate tax-deferred, and if used to pay qualified medical expenses, are tax-free
  • Unused money in your HSA is yours to keep and continues to grow tax-deferred
  • Community Bank offers a HSA debit card to make paying for expenses more convenient