Features of Our Health Savings Account Must be used with a High Deductible Health Plan and some other restrictions apply (check with your employer regarding your eligibility). Your employer can also make your contributions. Account remains with you regardless of change in coverage or employment. Free HSA debit card. HSA funds generally are tax-free and investment earnings are tax-deferred, but consult a tax adviser about your specific situation. Benefits Competitive interest rate Funds insured up to $250,000 Free access to participating ATMs across the nation Online banking Mobile banking Free audio-banking and e-statements Eligibility HSAs are used in conjunction with high-deductible health plans (HDHPs), a type of health-insurance plan that typically has a higher deductible but a lower premium. To be eligible for an HSA, you must meet the following requirements: Be enrolled in a qualified high-deductible health plan. Not be covered by a health insurance plan other than an HDHP or another allowable plan. Not be enrolled in Medicare. Not be claimed as a dependent on another person's tax return. How to Apply Contact your local branch to apply for a Health Savings Account.