Health Savings Accounts (HSA)

An alternative to traditional health insurance.

With a Health Savings Account (HSA) from Two River Community Bank, you can pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis.


You must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of an HSA. Sometimes referred to as a “catastrophic” health insurance plan, an HDHP is an inexpensive health insurance plan that generally doesn’t pay for the first several thousand dollars of health care expenses (i.e., your deductible), but will generally cover you after that. An HSA may help you pay for the expenses your plan does not cover.


You own and you control the money in your HSA. You make the decisions on how to spend the money you’ve made without having to rely on a third party or health insurer.  You also decide the best way to invest your money in order to make it grow.


Qualified Expenses

The tax-free dollars you save in an HSA can only be used to pay for “IRS-qualified medical expenses.” These include:


  • Medical expenses before you meet your health plan deductible 
  • Dental care services 
  • Vision care services 
  • Prescription services 
  • Over-the-counter medications prescribed by your doctor 
  • Certain medical equipment


You can find a list of IRS-qualified medical expenses on the IRS website (, or by viewing IRS Publication 502 – Medical and Dental Expenses. If you have questions about the eligibility of a medical expense, please consult your tax advisor or the IRS.


Click here to open your HSA.


Learn More


For more information about Health Savings Accounts (HSAs) with Two River Community Bank, visit your local branch or contact us.