Health Savings Accounts (HSA's)
A Smart Way to Save for Healthcare Expenses
Healthcare costs can be unpredictable, but saving for them does not have to be. A Health Savings Account, or HSA, gives you a convenient way to set aside money for qualified medical expenses while offering potential tax advantages.
At Columbus Bank and Trust Company, we make it simple to manage your healthcare savings with local service, convenient account access, and support from a team you know and trust.
CBT is proud to be Customer Focused, Community Minded and LOCALLY Owned.
What is a Health Savings Account?
A Health Savings Account is a savings account designed specifically for qualified medical expenses. HSAs are available to individuals who are enrolled in a qualified high-deductible health plan.
Funds contributed to an HSA can be used to help pay for eligible healthcare costs, including doctor visits, prescriptions, dental expenses, vision care, and other qualified medical expenses.
Unlike some healthcare spending accounts, HSA funds can carry over from year to year, giving you flexibility to save for both current and future healthcare needs.