Northeast Health Savings Account (HSA)

Northeast Health Savings Account (HSA)


What if there was a way to use pre-tax dollars to pay medical expenses? Now, you can — with a Northeast Health Savings Account.

You decide how much to put away. Then, when a medical expense* pops up, use your convenient HSA debit card to pay. And the money rolls over year-to-year, including the interest earned.


  • Enjoy great tax benefits* while saving for healthcare costs
  • Use pre-tax dollars to pay for qualified medical expenses, including:
  • Doctor visits
  • Prescription medications
  • Over the counter medications
  • Surgeries and operations
  • Earn competitive interest on your entire balance
  • Reduce annual income tax*
  • No minimum opening deposit required
  • Minimum balance of $50 required to avoid $5 monthly basic fee
  • No setup or annual fees
  • FREE eStatements
  • $2 fee per paper statement
  • Account money rolls over year-to-year
  • No "use it or lose it" policy
  • Account is owned by you, not your employer
  • FDIC insured
  • $20 fee for closing account within 3 months of opening


  • Must be covered under a qualified, high deductible health plan
  • Cannot be claimed as a dependent on another person's tax return
  • Cannot be enrolled in Medicare
  • Contribution Limits are set by the IRS
  • 2018 contribution limits are:
  • $3,450 for a single person
  • $6,900 for a family
  • A person age 55 or older may make an additional $1,000 in "catch-up" contributions

See Current Rates

*Consult your tax advisor.