• Bank of Cashton Facebook
  • @bankofcashton
  • @BankofCashton

© 2018 by Bank of Cashton

Securities and investment advisory services offered through Cetera Investment Services LLC, member FINRA / SIPC.  Investments are: * Not FDIC insured * May lose value * Not financial institution guaranteed * Not a deposit * Not insured by any federal government agency. Cetera is not affiliated with the financial institution where investment services are offered.

Cetera is under separate ownership from any other named entity.  View Cetera Investment Services privacy policy and other important information.

This site is published for residents of the United States only. Registered Representatives of Cetera Investment Services LLC may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Not all of the products and services referenced on this site may be available in every state and through every advisor listed. For additional information please contact the advisor(s) listed on the site, visit the Cetera Investment Services LLC site at www.ceterainvestmentservices.com

PO Box 70
Cashton, WI 54619

bankofcashton.com

 

Toll Free: (800) 205-7203

WHAT IS A HEALTH SAVINGS ACCOUNT (HSA)?
A health savings account (HSA) is an IRA-like account funded with pretax dollars that grow tax-deferred. The HSA assets may serve a dual purpose:

  • tax-free and penalty-free distributions can be taken to pay for medical expenses, and
  • penalty-free (but not tax-free) distributions can be taken for any reason starting at age 65. (HSA assets not used for medical expenses become retirement assets)

WHO IS ELIGIBLE FOR HEALTH SAVINGS ACCOUNTS?
Individuals who:

  • Are not covered by any other non-HDHP health plan, such as a spouse’s plan, that provides any benefits covered by your HDHP plan.
  • Are not enrolled in Medicare.
  • Do not receive health benefits under TRICARE.
  • Have not received Veterans Administration (VA) benefits within the past three months.
  • Are not claimed as a dependent on another person’s tax return.
  • Are not covered by a general purpose health care flexible spending account (FSA) or health reimbursement account (HRA). Alternative plan designs, such as a limited-purpose FSA or HRA, might be permitted.