photoHealth Savings Account (HSA)

With a Health Savings Account, YOU have complete control of your funds. YOU decide how much and when to make deposits to and withdrawals from your HSA. Call or stop by one of our offices today and start saving with contributions to an HSA that are tax-deferred and earn interest tax deferred.

  • $50.00 minimum to open account
  • $25.00 one-time set-up fee
  • Monthly interest earned on a tiered rate
  • NO minimum balance required
  • NO monthly maintenance fee

Open Account


  • Internet Banking, Bill Pay and E-Statements
  • Resource-MOBILE from your smart phone
  • Voice-24 Telephone Banking
  • Resource Visa® Debit Card*

*Pending credit approval.


  • Reduced Insurance Premiums
  • Tax Savings
  • Interest Earning & Long Term Savings
  • Ownership
  • Transportable & Accessible


  • Enrolled in an HSA-qualified High Deductible Health Insurance Policy
  • Not covered by any other health plan that is not a HDHP
  • Not claimed as a dependent on another person's tax return
  • Not enrolled in Medicare






HSA Contribution Limit*(employer + employee)

Self-only: $3,550
Family: $7,100

Self-only: $3,600
Family: $7,200

Self-only: +50
Family: +$100

HSA Catch-Up Contributions**
(age 55 or older)



No Change

HDHP Minimum Deductibles

Self-only: $1,400
Family: $2,800

Self-only: $1,400
Family: $2,800

Self-only: No Change
Family: No Change

HDHP Max Out-of-Pocket(deductibles, co-payments and other amounts, but not premiums)

Self-only: $6,900
Family: $13,800

Self-only: $7,000
Family: $14,000

Self-only: +$100
Family: +$200

* Contributions can be made as late as April 15th of the following year.
** Catch-up contributions can be made any time during the year in which the HSA participant turns 55.
NOTE:  Resource Bank is not liable for any excess contributions. Please use this only as a reference. For in-depth regulations regarding HSAs, please consult a competent tax advisor.

Healthcare Reform and Health Savings:

Resource Bank and its employees are here to help our customers understand the potential benefits and requirements of a Health Savings Account. While we do our best to inform you of the facts, we are not to be held responsible for your decisions of how HSA funds are used or if you are qualified to open an account.
On March 23, 2010, President Obama signed into law far-reaching healthcare financing legislation. Here are two changes that became effective January 1, 2011:

  • Qualified Medical Expenses: Starting January 1, 2011 you will no longer be able to pay for over-the-counter medications from your HSA as a qualified medical expense. Until the end of this year, you can reimburse yourself or pay from your HSA the money used to buy over-the-counter medications. The new law removes over-the-counter drugs not prescribed by a physician from being paid from an HSA (Health Savings Account), FSA (Flexible Spending Account), or HRA (Health Reimbursement Account) on a tax-free basis.
  • Non-qualified expense penalty: Under the new law, if you use your HSA funds for non-qualified expenses, you will face a higher penalty. The tax penalty for non-qualified HSA distributions will increase effective January 1, 2011, from 10% to 20%.

For in-depth regulations regarding HSAs, please consult a competent tax advisor.