Log Into
Your Bazing Account
Enroll in Personal
Online Banking
Apply For a

Capaha Arrowhead IconHealth Saving Accounts

At Capaha Bank, we know that money set aside for the care of your family’s health is a wise investment.  That’s why we offer our Health Savings Checking Account.

A Health Savings Account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). The funds contributed to an account are not subject to federal income tax at the time of deposit.

What are some of the advantages of a HSA?

  • Tax deductions for deposits
  • Tax-free earnings on interest accrued
  • Tax-free withdrawals for qualified medical expenses
  • Your deposits remain in your HSA from year to year – no “use it or lose it”
  • Your HSA can be used to pay deductibles and coinsurance for your health plan
  • Keep your HSA even if you change jobs or become unemployed

To be an eligible individual and qualify for an HSA,
you must meet the following requirements.

  • You must be covered under a high deductible health plan (HDHP) on the first day of the month.
  • You have no other health coverage, with some exceptions permitted.
  • You are not enrolled in Medicare.
  • You cannot be claimed as a dependent on someone else’s tax return.
HSA Contribution Limits 2016 2017
Individual Regular contribution $3,350 $3,400
Individual Catch-Up (Age 55+) Contribution $1,000 $1,000
Family Regular Contribution $6,750 $6,750
Family Catch-Up (Age 55+) Contribution $1,000 $1,000

If a Health Savings Account is just what the doctor ordered for your family,
come in to open yours today!

For more information:  Health Savings Accounts (HSAs) Resource Center, US Dept. of Treasury

Capaha Bank does not provide tax or legal advice. You should consult your own tax advisor regarding your tax needs.
Apply Now
Mortgage Rates
Capaha Edge powered by Bazing
Click HERE for important information regarding your online banking documents.