Health Savings Account

American Commerce Bank offers Health Savings Accounts (HSAs). An HSA is a unique, tax-advantaged savings plan that can be used to pay for qualified healthcare expenses. Available to customers with high-deductible healthcare plans, HSAs provide opportunity for both tax savings and long-term cash accumulation. Unlike Flexible Spending Accounts (FSAs), funds contributed to an HSA can accumulate indefinitely.


  • HSA funds can be used to pay health insurance deductibles and qualified medical expenses, including charges not covered by a health insurance plan, such as dental or vision care.
  • 2024 HSA contribution limit is $4,150 per individual, $8,300 per family
  • Simple reporting requirements


  • Qualified Tax Savings
  • Employers can contribute on behalf of employees
  • Potential for long term savings accumulation
  • Withdrawals can be made for non-medical purposes at age 65
  • Convenient debit card available