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Health Savings Accounts

Stay Ahead of the Curve

With a Health Savings Accounts (HSA) from Timberland Bank, you can be prepared for whatever life may throw your way. An HSA is a tax-favored, interest-bearing savings account created for paying qualified medical expenses. An HSA is used in conjunction with a high deductible health plan (HDHP). One of the benefits of an HSA is that the funds will stay with you even if you change employers or leave the workforce. The contributions remain in your account from year to year until you use them.

We Make Health Savings Easy!

Visit any of our locations for easy enrollment in an HSA. You can open an HSA with a deposit of just $10.00, with an additional $2.50 monthly maintenance fee. A free Health Savings Account debit card, online banking and bill pay are available. If you prefer to write checks, there are no per check charges.

Customer purchases checks. Bank rules and regulations apply. Debit card overdraft and returned item fees may apply. Internet Service Provider fees may apply for Online Banking customers. Bill pay, mobile, tablet and phone banking may incur fees for messages and data plans. Ask us for full details.

HSA Goals Calculator

Are you looking at the Health Savings Account (HSA) as a retirement account? Do you have an amount in mind that you want to carry over into retirement? This calculator will help you determine what you need to do in order to reach your goal.

HSA vs. Traditional Health Plan

This calculator is designed to help you compare a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) to a traditional health plan. By using an HDHP/HSA solution, you can often realize significant savings on your insurance premiums and receive a deduction on your income taxes. Use this calculator to determine the possible savings.

Who Qualifies for an HSA?

Any eligible individual who on the first day of a given month is covered under a high deductible health plan (HDHP) and is: 

  • not covered by any health plan that is not an HDHP
  • not enrolled in Medicare
  • not eligible to be claimed as a dependent on another person's tax return
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Timberland Financial Services

Timberland Financial Services partners with Zuk Financial Group and Mueller Insurance & Financial Services, Inc. to offer competent and qualified financial services representatives, one of the most important resources you can have as an investor in today's ever-changing financial world.  

Personal Checking

Looking for no-hassle Personal Checking options? Let us help you find what you need! Read about our account options, and compare accounts, all online.

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