Health Savings Accounts (HSA)
A Healthier Way to Plan and Save
A Health Savings Account (HSA) with Timberline Bank is a smart, tax-advantaged way to save for qualified medical expenses. Whether you're a business owner offering employee benefits or an individual looking to manage healthcare costs, our HSAs are easy to open and use. There are no monthly maintenance fees, setup fees, or debit card fees. Other fees may apply—see account terms for details. HSAs offer federal tax benefits; state treatment may vary. Consult a tax professional.
How An HSA Helps You Stay Ahead
From covering unexpected medical bills to planning ahead for retirement healthcare costs, an HSA gives you more control over your financial wellness. With no fees and local support from Timberline Bank, your health savings work harder—now and in the future.
What’s Included?
- Tax-advantaged savings – contributions may be tax-deductible, and distributions for qualified medical expenses are tax-free under current IRS rules. This includes:
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- Doctor visits
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- Prescription medications
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- Surgeries and procedures
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- Dental, vision, and more
- No “Use It or Lose It” rule – your balance rolls over year after year
- Flexible contributions – made by you, your employer, or even a third party
- Portable savings – your HSA stays with you, no matter where life takes you
- Easy access with HSA Visa® debit card or free checks
- Use your HSA debit card and checks only for eligible medical expenses to avoid penalties and taxes on non-qualified distributions.
For a full list of eligible expenses and annual contribution limits, visit irs.gov.
HSA Solutions for Employers
Timberline works directly with business banking customers to offer a seamless HSA experience. If you're an employer looking to offer HSAs to your team, we’ll provide general guidance on how to structure your HSA offering, but employers are responsible for ensuring compliance with applicable tax and benefits regulations.
Why Business Owners Choose Timberline
Timberline Bank works directly with local businesses to set up local, easy-to-understand accounts. We’ll present our HSA options to your team and make it easy to set up internal transfers. While Timberline does not directly monitor or manage your contribution, we act as your financial partner with one goal in mind: to make banking easier.
Our HSA Account Benefits:
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No monthly maintenance fees
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Free HSA checks and debit cards
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Easy access through online and mobile banking
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Local customer service—real people, no 1-800 lines
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Keep all your personal and business banking in one place
Why Timberline Bank?
Common Questions about HSAs
Anyone enrolled in a high-deductible health plan (HDHP) can open an HSA. You’ll need to provide plan documentation and start date details.