Unlock Tax-Free Savings for Medical Expenses with a Health Savings Account (HSA)
What better way to deal with the rising cost of healthcare than with a Health Savings Account (HSA) from Points West Community Bank? It’s like a 401(k) for your medical costs.
Open an HSA AccountWhat better way to deal with the rising cost of healthcare than with a Health Savings Account (HSA) from Points West Community Bank? It’s like a 401(k) for your medical costs. HSA benefits include the ability to set money aside tax-free, that you can earn interest on and use the funds to cover your qualified medical costs. Our HSA accounts give you control, flexibility, and local support to help you plan for both expected and unexpected health care needs.
Why Choose PWCB for Your HSA?
There are triple tax advantages of an HSA. All of your contributions to your bank HSA account are tax-free, as well as your earnings, and all of your withdrawals as long as you use the funds for qualified medical expenses. There are no setup fees and a low minimum-opening balance requirement, and all of our accounts are FDIC insured with local customer service. As with all our accounts, you’ll get free digital banking access so you can manage your HSA anytime. Everyone’s medical costs are going to rise over time, so why not earn tax-free interest on your savings while preparing for the future?
Health Savings Account Benefits
You can use your HSA to cover many types of medical expenses, such as deductibles, co-pays, prescriptions, and more. You can use your HSA to meet your current medical expenses or save up for future medical costs, while earning interest. HSAs are allowed with high-deductible health plans (HDHPs) and whatever you set aside is yours forever. There isn’t any “use it or lose it” requirement so whatever you don’t spend in a year remains in your account. Contributions can be made by individuals and employers.
How to Open a Health Savings Account
To open an HSA, you should start by confirming your eligibility with your employer or your health insurance, as only those with high-deductible health plans are eligible. You can visit a Points West branch, or you can start your application online. You need to provide a valid ID and healthcare plan information. Once your account is active, you can begin making contributions and saving for your healthcare needs.
Start My HSA ApplicationWe Offer HSAs throughout the Tri-State Area
We know how important healthcare is to all our customers, and with healthcare costs rising we want to help you plan for your healthcare needs with an HSA. Points West Community Bank proudly offers Health Savings Accounts and local banking services across Colorado, Nebraska, and Wyoming.
In Colorado, we serve communities throughout the Front Range, including Fort Collins, Loveland, Greeley, Wellington, and Windsor.
In Nebraska, we support families and businesses across the Panhandle and central counties, with locations in Sidney, Chappell, Fullerton, and beyond.
In Wyoming, our branches provide personalized service in Torrington, Lingle, Pine Bluffs, Douglas, and surrounding communities.
Whether you’re opening a short-term CD, building a long-term savings plan, or exploring other savings account options, our team is here to help you make confident financial decisions.
Start Saving Smarter with Points West
If you’d like to learn more about HSAs or apply for one Please contact a local banker or fill out the form online to get started. We also offer checking accounts, plus home loans, personal loans, and auto loans. Please check out our blog for information on a wide range of financial and business topics.
Open a Savings Account Contact UsHSA FAQs
Dental and vision care
Medical equipment
Certain over-the-counter items
HSA funds can be used for yourself, your spouse, and eligible dependents. Using your HSA debit card or online bill pay makes it simple to pay for qualified expenses directly from your account.
Yes. Unlike Flexible Spending Accounts (FSAs), unused HSA funds roll over from year to year. There is no “use it or lose it” rule.
Your balance remains yours, growing tax-free and available whenever you need it for qualified healthcare expenses, even into retirement.
Yes. If you are enrolled in a qualified High Deductible Health Plan (HDHP), you can open a Health Savings Account at Points West Community Bank.
Our team can walk you through the simple account setup process and help you begin contributing right away.
Fees and minimum balance requirements may vary. We believe in straightforward banking, and we’ll clearly outline any applicable account fees or minimum deposit requirements before you open your HSA.
For the most current details, we encourage you to speak with a local banker.
Points West offers convenient online and mobile banking tools so you can:
Check your HSA balance
Monitor transactions
Transfer funds
Access statements
Use online bill pay (if applicable)
You’ll have secure, 24/7 access to your Health Savings Account through our digital banking platform.
Yes. Employers can contribute to your Health Savings Account on your behalf, and many choose to do so as part of their benefits package.
Employer contributions count toward the annual IRS contribution limit. Be sure to review current contribution limits or consult a tax professional for guidance.
Yes. Health Savings Accounts held at Points West Community Bank are FDIC insured up to applicable limits. This provides added peace of mind, knowing your healthcare savings are protected while you plan for the future.