Invest in your health — Why you should open a Health Savings Account today.
No Monthly Service Charge
Tax Advantages 1
Healthcare cost are on the rise- INOVA can help!
Rising healthcare and prescription costs are a constant worry for families. If you have an HDHP (high deductible health plan) you are eligible to open a Health Savings Account*.
Health Savings Accounts (HSA) are a way to help you with the high cost of healthcare. INOVA’s Health Savings Accounts offer great benefits:
- Convenient access to your money when you need it
- Easy to use and manage on the go
- Peace of mind knowing you are prepared for healthcare expenses
As healthcare costs rise, you’ll be ready. Invest in a Health Savings Account with INOVA Federal.
*If you are a qualified member of a High Deductible Health Plan, you may be eligible to open a Health Savings Account. Refer to the Internal Revenue Service (IRS) for eligibility requirements and contributions/withdrawal limits or contact your tax advisor for additional information. 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 However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subjected to a 10% penalty.