HSA Home > Individuals > What is the Citizens Bank HSA?
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What You Need to Know Citizens Bank HSA Advantages
What is the Citizens Bank HSA?Your Citizens Bank HSA works with an HDHPA Health Savings Account (HSA) works in conjunction with a High Deductible Health Plan (HDHP). You can use the money in your HSA to pay for out-of-pocket qualified medical expenses. HDHP/HSAs are part of a fast-growing trendAn HDHP/HSA combines an HDHP and a Health Savings Account. HDHP/HSAs are the fastest-growing type of Consumer-Directed Healthcare (CDH) plan. More than 11.4 million Americans were covered by HDHP/HSAs at the start of 2011. HSAs are tax-advantaged financial vehiclesThe Citizens Bank HSA is a tax-advantaged financial vehicle. You can save and pay tax-free for qualified medical expenses not covered by the HDHP benefits. Any money you don’t spend on qualified expenses stays in your HSA and rolls over at the end of each year. State taxes may vary. Citizens Bank offers a leading HSA solutionCitizens Bank is a leading financial institution and HSA custodian. We have more than 180 years of experience providing comprehensive solutions and support. The Citizens Bank HSA includes an interest-bearing deposit account, the Citizens Bank HSA Debit MasterCard®, online account access, and dedicated customer support. | ||
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