Health Savings Account (HSA) — Associated Banc‑Corp

Take control of your healthcare spending and future financial wellbeing with the Associated Banc‑Corp Health Savings Account (HSA). Designed for individuals and families enrolled in qualifying high-deductible health plans, this HSA combines tax-advantaged savings, flexible access to funds for eligible medical expenses, and tools that make managing healthcare costs straightforward. Whether you’re saving for routine expenses, unexpected medical bills, or long-term healthcare needs, our HSA empowers you to plan ahead while maximizing tax benefits.

Why choose an Associated Banc‑Corp HSA?

• Triple tax advantage: Contributions may be made on a pre-tax or tax-deductible basis, earnings grow tax-deferred, and qualified withdrawals for eligible medical expenses are tax-free. (Subject to applicable tax rules.)
• Control and portability: Your HSA belongs to you—money stays with you even if you change jobs, insurance plans, or geographic location.
• Build savings for today and tomorrow: Use funds for current qualified medical expenses or let them grow to cover future healthcare costs, including in retirement.
• Flexible spending and easy access: Convenient debit card access, online account management, and an option to invest funds help you pay and plan efficiently.
• Security and support: Account features are backed by robust online tools, clear statements, and customer support to help you manage contributions, claims, and investments.

How the HSA works

An HSA is available to individuals enrolled in a qualifying high-deductible health plan (HDHP). You may contribute to your HSA within the limits set annually by tax authorities, and if eligible you can benefit from catch-up contributions once you reach certain age thresholds. Contributions can be made by you, your employer, or anyone else on your behalf. Funds deposited into the account can be used to pay or reimburse qualified medical expenses, and any unused balance rolls over year to year without expiration.

Key features

• Flexible contributions: Make regular payroll contributions, one-time deposits, or transfers from other eligible accounts, subject to annual limits.
• Debit card and bill pay: Convenient access to funds for eligible medical expenses via a dedicated debit card and online bill payment options.
• Investment opportunities: When your balance meets minimum thresholds, you have the option to invest a portion of your HSA in a selection of investment vehicles to pursue long-term growth.
• Mobile and online access: Manage contributions, track transactions, review statements, and monitor investments through secure online and mobile banking services.
• Statements and recordkeeping: Comprehensive statements and downloadable transaction histories help simplify tax reporting and expense tracking.

Using your HSA funds

HSA funds can be used to pay for a wide range of qualified medical expenses without incurring federal income tax. Typical eligible expenses include deductible amounts, copayments, prescription medications, doctor visits, certain dental and vision care, and medically necessary supplies. Withdrawals for non-qualified expenses may be subject to income tax and penalties. Keep records of your medical receipts to substantiate qualified withdrawals and simplify your tax reporting.

Who is eligible?

To open and contribute to an HSA you must be enrolled in a qualifying high-deductible health plan and meet other eligibility requirements established by tax authorities. Individuals enrolled in other disqualifying coverage, enrolled in Medicare, or claimed as a dependent on another person’s tax return may not be eligible to contribute. Check your plan eligibility before opening an account.

Fees, interest, and investment considerations

Associated Banc‑Corp HSAs may be subject to account maintenance fees, transaction fees, and investment-related fees. Interest rates and investment returns are variable and depend on prevailing market conditions and the specific investment options you choose. Review the fee schedule and investment disclosures carefully to understand costs and potential performance before making investment decisions.

Plan for long-term healthcare costs

An HSA is not just for immediate medical bills—it’s a long-term tool for managing healthcare expenses throughout life. Because funds roll over and can be invested, an HSA can serve as a supplemental retirement healthcare fund. Strategic use of pre-tax contributions, disciplined saving, and thoughtful investment selection can help you prepare for healthcare costs in retirement and reduce overall financial stress.

Getting started

Opening an Associated Banc‑Corp HSA is straightforward if you meet eligibility requirements. Review the account features, fee schedule, and investment options, then choose contribution methods that work with your payroll or personal budgeting. Use online tools to enroll, set up contributions, and start managing your HSA today. For personalized guidance on account options, investment choices, or tax implications, consult a financial or tax professional.

Important considerations

• This description is for informational and marketing purposes and does not constitute tax or legal advice.
• Contribution limits, eligibility rules, and tax treatment are determined by tax authorities and may change; consult current guidance when planning contributions.
• Keep receipts for medical expenses paid from your HSA in case documentation is needed for tax reporting.

With Associated Banc‑Corp’s Health Savings Account, you gain a powerful, flexible way to save for healthcare costs, enjoy tax advantages, and build a financial cushion that supports your health and financial goals. Explore the features, weigh your options, and make an informed decision to protect both your health and your finances.

Address Bank: Green Bay, Wisconsin, U.S.
Bank: Associated Banc-Corp
Headquarters: Green Bay, Wisconsin
Products: Retirement & Health
Type: Health Savings Account (HSA)