stethoscope with money under

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


Visit in a new Window) for more information on tax contribution and withdrawal limits.