Health Savings Accounts are a special, tax-favored account type for gainfully employed individuals that have specific restrictions including, but not limited to, eligible expenses and deposit limits.

Please take the time to familiarize yourself with these restrictions. While HSAs are housed at banks, the account activity is ultimately between the account holder and the IRS, and not monitored by banks. Excess contributions will likely be flagged during tax filing and non-medical expenses during an IRS audit. Penalties apply. Your health insurance agent or tax accountant are good resources should you have questions.