Health Savings Account
A Health Savings Account (HSA), in conjunction with a high-deductible health plan (HDHP) can help lower your health care costs. HSAs provide a tax-advantaged way to help offset out-of-pocket eligible medical expenses. Contributions to your account may be tax-deductible.
Benefits of a Royal Bank Health Savings Account
- Pre-tax contributions
- Tax-free withdrawals
- Tax-free earnings as your money grows
- Easy access to funds with a fee-free debit card and checks
- Peace of mind when planned or unplanned medical expenses arise
- Unused funds remain in the account for the life of the HSA
STILL HAVE QUESTIONS?
Visit our Frequently Asked Questions page about HSA accounts.
Visit www.treasury.gov(Opens in a new Window) for more information on tax contribution and withdrawal limits.