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Health Savings Account

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Health Savings Account

For when health is really wealth

Save more on the health services you need.


Pay for medical expenses


Tax-free distributions


Unused money rolls over

Health care savings made simple

A Health Savings Account (HSA) is a tax-advantaged way1 to save and pay for qualified out-of-pocket medical expenses for you, your spouse and your dependents. Plus, your unused funds will stay in your account for future use! 

Looking for the best Health Savings Account? We’ve got you.

Woman at the doctors office using her HSA account to pay for expenses.

To enjoy Health Savings Account benefits, an HSA owner must:

  • Be a Civic member
  • Be covered under a High Deductible Health Plan (HDHP), and not covered by any other major health plan or enrolled in Medicare 
  • Not be eligible to be claimed as a dependent on another person’s tax return
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  • No minimum deposit required 
  • Rollovers are not subject to the annual contribution limits; however, you can make only one rollover within a 12-month period 
  • To qualify as a rollover and avoid a tax penalty, withdrawn funds must be re-deposited within 60 calendar days1
  • Move all or any portions of the funds directly to another HSA tax-free
  • Transfers are from custodian to custodian, so there are no tax penalties
Mother and toddle visiting the doctors for annual checkup.

  • Save on qualified medical expenses for you, your spouse and your dependents 
  • Tax-deductible contributions and tax-free distributions for qualified medical expenses1 
  • Unused funds will stay in your account for future use 
  • Get an HSA debit card 
  • Member is responsible for card usage; Civic does not monitor purchases made on your HSA card for eligibility
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What is a High Deductible Health Plan (HDHP)?

An HDHP is a medical insurance plan with a minimum annual deductible and a maximum out-of-pocket expense cap. With an HDHP, you may pay a lower monthly premium but have a higher deductible (meaning you pay for more of your health care items and services before the insurance plan pays).

Deductible and out-of-pocket expense limits may be adjusted annually to account for cost-of-living increases.

HDHP Minimum Annual Deductible

Year Single Coverage Family Coverage
2024 $1,600 $3,200
2023 $1,500 $3,000

Maximum Out-of-Pocket Expense Cap

Year Single Coverage Family Coverage
2024 $8,050 $16,100
2023 $7,500 $15,000

What is a qualified HSA distribution?

You can use your HSA to pay for doctor visits, prescription drugs or over-the-counter medicines prescribed by a doctor for you, your spouse and your dependents. Be sure to use your HSA debit card for eligible purchases. For a complete list of qualified HSA distributions, visit the IRS website to view Publication 969 and Publication 502

HSAs can have tax consequences for nonqualified distributions. Civic does not monitor purchases made on your HSA card for eligibility. Consult a tax or financial advisor for additional information.

Woman call in a prescription refill using her Civic HSA account.

HSA contribution limits

Health savings account contribution limits are based on your plan type. Contributions for the current year can be made until April 15 of the following year.

If you’re age 55 or older by the end of the tax year, you can increase your contribution limit by another $1,000 a year. This extra amount is the catch-up contribution allowed for HSAs. Contribution limits are indexed for inflation and can change annually.

Maximum Contribution Limits

Year Single Coverage Family Coverage
2024 $4,150 $8,300

Open your HSA

Apply for your HSA through our partner, Ascensus, and a Civic representative will be in touch and work with you through the process.

For the best member experience, apply using online banking on a computer.

The Select Savings Account can help you reach your goals.

Select Savings

It's a saving engine.

  • High dividend yields
  • Goal tracking
  • Establishes Civic membership
learn more
Here are a few frequently asked questions:

You know that details matter. [And you are in good company.]

1 Civic membership required to open a Health Savings Account. No minimum deposit required. Civic does not monitor the eligibility of HSA purchases. Consult a financial advisor or tax professional for additional guidance.