Santa Cruz County Bank is pleased to offer Health Savings Accounts (H.S.A.'s) as a way for eligible individuals to grow their savings for future medical expenses and take advantage of favorable tax treatment. Our H.S.A.'s are FDIC insured to provide safety and peace of mind.
A Health Savings Account (H.S.A.) is a tax-advantaged personal account that allows you to pay for medical expenses and save for future medical expenses.
Any adult can contribute to an H.S.A. as long as they:
Santa Cruz County Bank allows check and special H.S.A. debit card contactless payment technology. Pay bills and access your account anytime, 7 days a week through Santa Cruz County Bank's My County Connection online banking system.
Earn a competitive interest rate on your H.S.A. and pay a low monthly service charge.
2023 | 2022 | Change | |
---|---|---|---|
HSA Contribution Limit (employer + employee) |
Self-only: $3,850 Family: $7,750 |
Self-only: $3,650 Family: $7,300 |
Self-only: +$200 Family: +$450 |
HSA Catch-up Contributions (age 55 or older) |
$1,000 | $1,000 | No Change |
HDHP Minimum Deductibles | Self-only: $1,500 Family: $3,000 |
Self-only: $1,400 Family: $2,800 |
Self-only: +$100 Family: +$200 |
HDHP Minimum Deductibles (deductibles, co-payments and other amounts but not premiums) |
Self-only: $7,500 Family: $15,000 |
Self-only: $7,050 Family: $14,100 |
Self-only: +$450 Family: +$900 |
Individuals age 55 and older can make additional "catch-up" contributions. The maximum annual catch up contribution is $1,000. All contributions can be made as late as April 15 of the following year.
Yes! Your existing H.S.A. can be rolled over into an account at Santa Cruz County Bank. Simply provide us a copy of an account statement from your existing Health Savings Account.
Come into any of our banking offices to open your Health Savings Account. Unlike many providers, Santa Cruz County Bank does not charge any opening or enrollment fees to set up H.S.A. accounts. All Health Savings Accounts are eligible to earn interest, include unlimited check writing, allow debit card access for payments, a quarterly account statement and have a low monthly service charge of $2.50. For a complete list of account terms, fees and conditions, please contact us.
We love referrals! If you have clients who would benefit from establishing Health Savings Accounts, we'd love to hear from you.
Visit our Education Center for product video tutorials and demos.
Santa Cruz County Bank has no control over information at any site hyperlinked to or from this site. Santa Cruz County Bank makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and is providing this hyperlink to you only as a convenience. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Santa Cruz County Bank of any information in any hyperlinked site. In no event shall Santa Cruz County Bank be responsible for your use of a hyperlinked site.
Santa Cruz County Bank has no control over information at any site hyperlinked to or from this site. Santa Cruz County Bank makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and is providing this hyperlink to you only as a convenience. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Santa Cruz County Bank of any information in any hyperlinked site. In no event shall Santa Cruz County Bank be responsible for your use of a hyperlinked site.
Santa Cruz County Bank has no control over information at any site hyperlinked to or from this site. Santa Cruz County Bank makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and is providing this hyperlink to you only as a convenience. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Santa Cruz County Bank of any information in any hyperlinked site. In no event shall Santa Cruz County Bank be responsible for your use of a hyperlinked site.
Santa Cruz County Bank has no control over information at any site hyperlinked to or from this site. Santa Cruz County Bank makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and is providing this hyperlink to you only as a convenience. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by Santa Cruz County Bank of any information in any hyperlinked site. In no event shall Santa Cruz County Bank be responsible for your use of a hyperlinked site.