Health Savings Accounts (HSAs)
A health savings account (HSA) is a tax-free way to cover medical expenses for those who are enrolled in a qualified high-deductible health plan (HDHP). A Stillman Bank HSA in northern Illinois and southern Wisconsin is a great way to take control of your healthcare dollars and help reduce your healthcare costs.
Health Savings Account Details
The Stillman HSA operates like a checking account, which means you will receive:
- Monthly Statements
- Debit Card
- Bill Pay
- Basic Checks
- Free Check Images / Image Statements
- 24-hour account access, including funds transfers, through TeleBanking or online banking
Key benefits include:
- Savings
You can save the money in your account for future medical expenses and consistently have access to it. There is no “Use it or lose it” with a Stillman Bank HSA. Plus, the account is interest-bearing. - Flexibility
You can use your Stillman Bank HSA funds to pay for qualified medical expenses. That includes co-payments at the doctor’s office. - Ownership
The Stillman Bank HSA is yours, not your employer’s. You control the account. If you switch jobs—no problem, your HSA remains with you. - Tax-Free
Contributions to the account may be tax-deductible. Earnings on the account as well as withdrawals for qualified medical expenses are tax-free. - Control
You decide how much you want to put into your Stillman HSA. You also control which medical expenses to pay from the account and much more.
Why Choose Stillman Bank
A
ccess to 40,000 ATMs surcharge-free through the MoneyPass® ATM Network
Enhanced Mobile Alerts providing instant access to account information including account balances, debit card transaction notifications, and more! (Text messaging fees from your cellular provider may apply.)
Zero Liability guards you against unauthorized use of your card
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Common Questions
Open an Account or Speak with a Banker Today
If you’re looking for a Health Savings Account in northern Illinois and southern Wisconsin, or if you have any questions, please contact us or speak with a banker at your nearest branch.