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Health Savings Accounts

Plan ahead for a healthy financial future! Health Savings Accounts at Foresight offer the opportunity to help reduce current healthcare expenses and save for retirement. Foresight’s no-fee HSAs offer competitive interest rates and are supported by an experienced team that can help you take advantage of all that HSAs have to offer.

Foresight offers the following HSA programs:

  • Individual accounts
  • Employer-sponsored accounts
  • Rollover/transfer from other HSAs

Advantages of an HSA:

  • Funds carry over year-to-year – there is no “use it or lose it” concern
  • Contribution Tax Benefit – Contributions to a HSAs are tax deductible (subject to IRS annual limits)
  • Earnings Tax Benefit – Interest earned on HSA funds grows on a tax-deferred basis, and you won’t pay tax on HSA interest if the funds are used for eligible medical expenses.
  • Distribution Tax Benefits:
    • Eligible medical expenses can be purchased tax-free when you use your HSA.
    • Once you are 65 years old, distributions even for non-medical expenses are not subject to any penalty, so the HSA can function like a traditional individual retirement account (IRA).
Account Type Summary Minimum Balance Interest Statements
HSA eAccount
Free account with competitive interest and several convenient features
$10 Yes eStatements required
Health Savings Account
Free account with competitive interest and several convenient features
$10 Yes eStatement or Paper


Foresight Bank’s health savings accounts all come with the following free features:

  • Free Unlimited Online Bill Pay for qualifying medical expenses
  • Free Online Banking
  • Free Mobile Banking: Check balances, deposit checks, transfer funds, pay bills, receive alerts, and more
  • Debit Cards: Pay for eligible medical expenses at any healthcare provider that accepts MasterCard
  • AnswerLine: Free 24-hour telephone banking service allows you to check balances, transfer money, and more

Account Type Minimum Balance for APY Annual Percentage Yield (APY) Interest
HSA eAccount
$1,000
$2,500
$25,000
1.56%
1.61%
1.71%
1.55%
1.60%
1.70%
Health Savings Account
$1,000
$2,500
$25,000
1.51%
1.56%
1.66%
1.50%
1.55%
1.65%

Contact Us: If you would like to begin a conversation, feel free to contact one of our team members directly or tell us how we should get in touch with you.
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