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An older man sitting with a doctor on a couch filling out information on a sheet of paper. An older man sitting with a doctor on a couch filling out information on a sheet of paper.

Health Savings Account

Health Savings Accounts (HSAs) work in connection with high-deductible health plans (HDHPs) to help save for medical expenses. Distributions are tax-free when used for qualified medical expenses, such as co-pays, prescriptions and more. Unlike flexible spending accounts, your unused funds roll over year after year so you don't lose what you've saved. If you are eligible for an HSA, open yours with ProFed today! Our hassle-free features include:

  • no minimum balance
  • no enrollment or maintenance fees
  • online banking
  • share to share transfers
  • payroll deduction
  • Visa® Debit Card
  • checks
  • ATM access

An eligible individual is:

  • covered by a qualified High Deductable Health Plan (HDHP)
  • not covered under a nonHDHP
  • not enrolled in Medicare
  • not eligible to be claimed as a dependent on another individual's tax return

See Rates

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