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Save and pay for medical and health expenses with pre-tax dollars.
Go Green Checking - Get rewarded for the things you do every day. Earn 2.51% APY simply for using your debit card. e-Docs - Access your statements, tax forms and notices securely within Digital Banking.
Current rates as of
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*APY = Annual Percentage Yield

Health Savings Account

  • Save now and offset rising medical costs.
  • With a Health Savings Account (HSA Checking Account) from Coastal, you can save and pay for medical and health expenses with pre-tax dollars.
  • Available to individuals with a High Deductible Health Plan

Coastal's HSA Checking Account can help you gain control over your health care spending by providing a tax-advantaged savings account. You save on a pre-tax basis, choose your own physicians, medical service providers and cover medical expenses incurred by you and your dependents.

In addition, you can use your Coastal HSA Debit Card to pay for qualified medical expenses right from your HSA Checking Account.

Benefits and advantages of a Health Savings Account may include:

  • Tax deductions realized on a pre-tax basis as soon as you contribute to your HSA Account
  • Control the way your healthcare funds are spent and invested and choose your own physician
  • Gain protection from high or unexpected medical bills
  • Withdrawals from your HSA are tax-free
  • Funds remain in your HSA from year to year; there are no "use it or lose it" rules which apply to this account.

And, you'll earn tax-free money on the funds in your HSA account. An HSA is completely portable and you can take your funds with you wherever the future may lead.

Expenses covered by your HSA Account may include:

  • Actual medical expenses
  • Doctor visits
  • Dental care
  • Long-term care
  • Healthcare coverage when unemployed
  • Prescriptions
  • Transportation to get to medical cares
  • See all qualified medical expenses
Current rates as of
Min Deposit
*
*APY = Annual Percentage Yield