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Health Savings Accounts

Tax-free savings and flexibility.

A health savings account (HSA) from SELCO puts you in control of your medical expenses. With an HSA and a qualifying high-deductible health plan (HDHP), you can set aside pre-tax money to pay for current or future medical expenses on a tax-free basis.

HSA Benefits

  • Affordability — Save on insurance premiums with a less expensive HDHP, and enjoy no account maintenance fees on your SELCO HSA.
  • Tax-advantaged protection — Use tax-free dollars for medical expenses not covered by your health insurance like deductibles and coinsurance.
  • Growth — Build your account balance through contributions and interest earnings.
  • Flexibility — Contribute any time (as long as you’re covered by an HDHP), and use the funds for expenses now or in the future; HDHP coverage is not required for withdrawals.
  • Portability — The account is yours; the balance stays with you even if you change jobs, retire, or enroll in Medicare.

Find an HDHP

SELCO Insurance Services can help you compare options and enroll in a qualifying high deductible health plan. Learn more about SELCO's health insurance options or schedule an appointment with an agent.

Get started

If you already have a qualifying HDHP, you’re eligible to open and contribute to an HSA. When you’re ready to open an account, schedule an appointment, stop by any branch, or call us at 800-445-4483.

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