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What You Need to Know

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Charter One HSA Advantages

  • FDIC-insured HSA deposit account
  • Charter One HSA Debit MasterCard®
  • Triple tax advantages
  • Online HSA banking
  • eStatements
  • Prescription Discount Card
  • HSA PhoneBank customer support
  • Ongoing education and support

What is the Charter One HSA?

Your Charter One HSA works with an HDHP

A Health Savings Account (HSA) works in conjunction with a High Deductible Health Plan (HDHP). You can use the money in your HSA to pay for out-of-pocket qualified medical expenses.

HDHP/HSAs are part of a fast-growing trend

An HDHP/HSA combines an HDHP and a Health Savings Account. HDHP/HSAs are the fastest-growing type of Consumer-Directed Healthcare (CDH) plan. More than 11.4 million Americans were covered by HDHP/HSAs at the start of 2011.

HSAs are tax-advantaged financial vehicles

The Charter One HSA is a tax-advantaged financial vehicle. You can save and pay tax-free for qualified medical expenses not covered by the HDHP benefits. Any money you don’t spend on qualified expenses stays in your HSA and rolls over at the end of each year. State taxes may vary.

Charter One offers a leading HSA solution

Charter One is a leading financial institution and HSA custodian. We have more than 180 years of experience providing comprehensive solutions and support. The Charter One HSA includes an interest-bearing deposit account, the Charter One HSA Debit MasterCard®, online account access, and dedicated customer support.

 
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This site offers information drawn from sources that are believed to be reliable, but it cannot be guaranteed as to completeness or accuracy.
The content is not intended to be, and should not be relied upon as tax, legal, financial, or health care advice.

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Charter One is a division of RBS Citizens, N.A.

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