Get a Health Savings Account
Arizona Central's Health Savings Account (HSA) gives you more control over your health care expenses and, more importantly, provides a tax-advantaged tool for paying qualified medical expenses.
- No monthly service fees
- Low $20 annual plan fee
- No per check charges
- Earn dividends on your balance
- Easy account access with an HSA Visa® Check Card
- FREE welcome pack of checks
- Online access to transaction history and balance information
Want to know more? Download our helpful HSA Guide today.
To open an account, call us at (602) 264-6421 toll free (866) 264-6421 or visit any of our 10 local branches.
Health Savings Account FAQs
- Have coverage under an HSA-qualified high deductible health plan" (HDHP).
- Do not have other health insurance coverage, such as a spouse's plan, that is not an HDHP.
- Are not enrolled in Medicare.
- Are not claimed as a dependent on someone else's tax return.
Federal law requires that the health insurance deductible be at least:
- $1,350* - Self-only coverage
- $2,700* - Family coverage
In addition, annual out-of-pocket exended under the plan (including deductibles, co-pays, and co-insurance) cannot exceed:
- $6,650* - Self-only coverage
- $13,300* - Family coverage>
* 2018 amounts; adjusted annually for inflation
If your current employer offers health insurance coverage, contact your human resources department to see if they offer these types of plans.
Contact your tax adviser if you have additional questions
- Diabetic supplies
- Eye exams, eyeglasses, contact lenses, and solutions
- Hearing aids
- Laser eye surgery
- Orthodontia, dental cleanings, and fillings
- Prescripton drugs
- Physical therapy, speech therapy, and chiropractic expenses
- Specialized equipment and devices for disabled persons
- Transportation expenses related to medical care
- Weight reduction programs for physician-diagnosed obesity
Remember, you must comply with HSA spending regulations. You can find detailed information about qualified medical expenses in Section 213(d) of the Internal Revenue Code and IRS Publication 969.
- Authorizing funds be deposited electronically from another acount either one time or every month
- Making lump sum contributions by check in any amount up to the maximum limit
- Rolling over funds from another HSA or Archer Medical Savings Account (MSA)
- Requesting that your employer contribute to the account with pre-tax deductions
- Initiate a one-time transfer from your IRA
Find out if your employer offers a roll-over from your FSA or HRA