Health Savings Account
Make a plan to address rising medical costs by saving money for future health-care needs.
Save for emergency and routine care while enjoying tax benefits
Should you or a family member ever become ill or injured, the focus should be on getting well again, not on whether you can afford treatment. With an Azura Health Savings Account (HSA), you can set aside thousands of dollars each year for a wide range of physician, hospital, mental health, dental and vision care with a high-deductible insurance policy.
Current Rates
Effective date:
| Account | Rate | APY* |
|---|---|---|
| Share Account | 0.50% | 0.50% |
Balances over $100 earn dividends
*APY = Annual Percentage Yield.
*Penalty will apply if used for something other than qualified medical expenses.
Here's How You Qualify
- You are covered by a qualified, high-deductible health insurance plan
- You are not covered by any other health insurance that is not a high-deductible plan
- You are not enrolled in Medicare
- You are not claimed as a dependent on another individual’s tax return
It's best to consult with a qualified tax adviser to ensure you qualify.
Save for Medical Expenses
Contribute pre-tax dollars to save for qualified medical expenses, including deductibles, copayments, co-insurance, and other out-of-pocket costs. You can also use an HSA to pay for qualified long-term care premiums.
Tax Benefits
Contributions to an HSA are tax-deductible, meaning they lower your taxable income.* Plus, any interest or investment gains in the HSA are tax-free. You also enjoy tax-free withdrawals for qualified medical, dental, vision expenses, prescriptions, medical equipment and more.**
Yours to Keep
HSAs are portable, meaning you keep your account and everything in it if you change jobs, become unemployed or retire.
Always Available
There's no "use it or lose it" rule for an HSA. Your funds roll over year to year, allowing you to build savings for future medical expenses, including those in retirement.
Save for Retirement
After age 65, withdrawals from an HSA for non-medical expenses are taxed as ordinary income, similar to a Traditional IRA. This makes HSAs a potential vehicle for additional retirement savings.
Family Use
Your HSA savings can pay for qualified medical expenses for your spouse and dependents, too, even if they're covered by another health insurance plan.
What are the contribution limits?
Contributions can be made up to the maximum limit specified by law. Individuals age 55 and older can make an additional $1,000 catch-up contribution.
2025 Contribution Limits:
2025 Contribution Limits:
SINGLE
$4,300
$4,300
FAMILY
$8,550
$8,550
*Consult a tax advisor.
**You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 10% penalty. Please review IRS Publication 502 for a complete list of services and products that count as qualified Medical and Dental Expenses.