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health savings account (HSA)
Life has its surprises but with an HSA from United, paying for qualified medical expenses won't be one of them.
health savings account (HSA)
the easy way to save for and pay for healthcare expenses
Life has its surprises but with an HSA from United, paying for qualified medical expenses won't be one of them. If your insurance policy is a High Deductible Health Plan (HDHP), it can hurt your wallet too. Our Health Savings Account (HSA) is an easy way to save for medical expenses and health care costs like doctor visits, prescriptions, dental care, and more.
Plus, withdrawals for qualified medical expenses and dividends are both tax-free. And the HSA Debit Card makes paying for expenses quick and easy.
Already have an HSA account at United? Click here to access our HSA Account Owner Portal.
the member perks you'll love
Your employer or insurance carrier may change, but you can always keep your funds at United.
annual tax-deductible contributions
Contributions to an HSA, whether made by you or your employer, are tax-deductible.
no annual or monthly maintenance fee
manage your HSA without annoying fees like these keeping more money in your pocket
let us calculate your dividends daily
and we'll pay you monthly
key benefits of an HSA
Triple Tax Advantage
Enjoy tax benefits at every stage with an HSA. Contributions may be tax-deductible, earnings grow tax-free, and withdrawals for qualified medical expenses are tax-free, helping you save more for healthcare today and in the future.
The Money is Yours Forever
Unlike an FSA, unused HSA funds roll over year after year. There is no "use it or lose it" rule. The account remains yours even if you change employers or health plans.
Qualified Healthcare Expenses
HSA funds can be used to pay for a variety of qualified healthcare expenses, including deductibles, copays, coinsurance, prescription medications, and many dental and vision costs. This flexibility makes an HSA a convenient way to cover both everyday medical expenses and larger healthcare needs while taking advantage of its tax benefits.
Retirement Planning
After age 65, you can withdraw funds for non-medical purposes without the usual penalty (though ordinary income tax may apply). Qualified medical withdrawals remain tax-free.
qualifying for an HSA
HSAs from United can be used to pay for qualified health expenses for yourself and your covered dependents tax free. To be an eligible individual and qualify for an HSA, you must meet the following requirements, as defined by the IRS:
- You cannot be claimed as a dependent on someone else's tax return.
- You must be covered under a high deductible health plan (HDHP) on the first day of the month.
- You are not enrolled in Medicare, TRICARE or TRICARE for Life or other health coverage except what is permitted by the IRS.
- You haven’t received Veterans Affairs (VA) benefits within the past three months, except for preventive care. If you have a disability rating from the VA, this exclusion doesn’t apply.
- You do not have a health care flexible spending account (FSA) or health reimbursement account (HRA). Alternative plan designs, such as a limited-purpose FSA or HRA, might be permitted.
The 2026 IRS limits are $4,400 single and $8,750 family. HSA participants 55 or older are also eligible for an additional $1,000 contribution catch up amount. Pre-tax dollars may be used for qualifying expenses such as prescriptions, co-pays and deductibles, medical supplies, dental and vision expenses and Medicare premiums after age 65. HSA’s are IRS auditable so those interested should confirm they meet eligibility:
- Covered under a qualifying high-deductible health plan (HDHP)
- No other health coverage except what is permitted by the IRS
- Not enrolled in Medicare, TRICARE or TRICARE for Life
- Cannot be claimed as a dependent on someone else's tax return
Health Savings Account (HSA) |
||
|---|---|---|
| Effective Date: October 01, 2026 | ||
| Minimum Amount | Dividend Rate | APY1 |
| $0 | 0.250% | 0.25% |
| $1,000 | 0.499% | 0.50% |
| $10,000 | 0.747% | 0.75% |
| $25,000 | 0.995% | 1.00% |
| [1] Annual Percentage Yield (APY) accurate as of the last dividend declaration date. Rates may change after account is opened. Minimum opening deposit of $50.00 required. | ||
health savings account (HSA) FAQs
A Health Savings Account (HSA) is a tax-advantaged account that allows individuals enrolled in a qualifying High-Deductible Health Plan (HDHP) to save and pay for eligible medical expenses. Contributions, earnings, and qualified withdrawals all receive valuable tax benefits, while unused funds roll over year after year and remain yours even if you change jobs or retire.
To be eligible to open a Health Savings Account (HSA), you must be covered by a qualifying High-Deductible Health Plan (HDHP) and meet certain IRS requirements. Generally, you cannot have other disqualifying health coverage and cannot be claimed as a dependent on someone else's tax return.
In most cases, you are eligible if you:
- Are covered by a qualifying High Deductible Health Plan (HDHP)
- Are not covered by other disqualifying health insurance
- Cannot be claimed as a dependent on another person's tax return
HSA funds can be used tax-free to pay for qualified medical expenses for yourself, your spouse, and eligible dependents. Common expenses include:
- doctor visits
- copays and deductibles
- prescription medications
- dental cleanings, fillings, and other dental work
- eye exams, glasses, and contact lenses
- medical equipment and supplies
- physical therapy and chiropractic care
A helpful rule of thumb is that HSA funds can generally be used for expenses related to the diagnosis, treatment, prevention, or mitigation of a medical condition.
With our IRA & HSA Account Owner Portal, you can conveniently access your accounts online and perform many of the most frequently requested transactions, including:
- Request a rollover or transfer from another institution to United
- Add a deposit to your account
- Take a distribution from your account
- Set up automatic distributions to be taken from your IRA
- Update your IRA or HSA beneficiaries
To access the HSA Account Owner Portal, first log in to Digital Banking. Once logged in, navigate to Services > IRA/HSA Account Owner Portal from the menu. You can also click the link below and, after signing in, you'll be taken directly to the Services menu to access the portal.
In 2026, eligible individuals can contribute up to $4,400 to an HSA, while those with family coverage can contribute up to $8,750. Individuals age 55 or older may also make an additional $1,000 catch-up contribution. However, it's important to remember that employer contributions count toward these annual limits and do not increase the amount you can contribute on your own.
Already have an HSA account at United?
Managing your Health Savings Account has never been easier. With United's HSA Account Owner Portal, accessible within Digital Banking, you can securely access your HSA online and complete many of the most common account transactions whenever it's convenient for you, including:
- Make contributions to your HSA
- Request a transfer or rollover from another institution
- Take distributions from your account
- Update your HSA beneficiaries
- View account information and transaction history
You'll be required to log in to Digital Banking and then select IRA/HSA Account Owner Portal.
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[1] We recommend that you consult a tax, legal or financial advisor to discuss your personal circumstances.