West Suburban Bank
Bank in Naperville, IL

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read moreYou must be covered by a High Deductible Health Plan to be able to take advantage of an HSA account. An HDHP generally costs less than what traditional health care coverage costs, so the money you save on insurance can therefore be put into your Health Savings Account. A Health Savings Account works like any checking account owned by an individual. The significant difference is that the money placed into it must be set aside to pay solely for current or future qualified medical expenses. The great news is that there are many tax benefits associated with opening and maintaining this special account-and that's where the savings can add up.