Making Health Care Affordable

A Health Savings Account (HSA) is a tax-exempt trust account that you can put money into in order to save for future medical expenses, in conjunction with a ‘high deductible health plan’ (HDHP). Consumers who have an HDHP are often able to save money on healthcare costs by taking advantage of lower cost high-deductible insurance and paying out-of-pocket costs with pre-tax dollars.


HSA Checking

It’s the simplest way to save and spend your health care dollars, with unlimited access to your funds by check or debit card. Minimum balance to open is $100. No monthly service charge. Unlimited check writing. No minimum deposits; tiered interest rate. 

For more information about HSAs, visit:

United States Department of Treasury


Internal Revenue Service

IRS Publication 502 - a list of includible and not includible medical expenses is available at www.IRS.gov (enter HSA or Publication 502 in the search box in the top-right corner of the page)

IRS Publication 969 - ‘Health Savings Accounts & Other Tax-Favored Health Plans’ at www.IRS.gov (enter HSA or Publication 969 in the search box in the top-right corner of the page)


To open an HSA Checking account, visit any office of Woodsville Guaranty Savings Bank or contact us today.