Health Savings Account
A Health Savings Account (HSA) is a U.S.-government-sponsored individual investment account that individuals can establish to make tax-deductible contributions, earn tax-free dividends on contributions, and withdraw money tax-free for qualified medical expenses. Please check with your health insurance provider to verify that you have an HSA-qualified plan.
Benefits of an HSA include:
Dupaco's dividend-bearing Health Savings Account gives you ready access to your HSA funds by providing you a free MoneyCard (debit MasterCard), checks, and in-person cash withdrawals at any Dupaco branch.1
You can access your Dupaco HSA to pay for qualifying medical expenses any of the following ways: Writing a check from your HSA, using your HSA MoneyCard at any medical service provider/merchant that accepts payment via MasterCard®, or by calling or visiting Dupaco and requesting a withdrawal. (Please note that your HSA MoneyCard will access only your HSA checking package. It will not access your share savings account or provide overdraft protection.)
With your account, you'll also receive:
There is a one-time $15 set-up charge to establish the account ($10 when enrolled in free eStatements). This account has a nominal monthly account service fee which will be waived if you have $2,500 in combined balances in your HSA and/or Dupaco checking OR if you have Dupaco checking with Direct Deposit and free e-statements.
Once you've determined that you're eligible for a HSA, simply visit any of our locations or contact a member service representative at (563) 557-7600, ext. 206 or 800-373-7600, ext. 206, for account opening. We'll step you through the details on contribution limits, expense tracking, and other key HSA account facets.
Can I have an authorized agent on my HSA?
Can I choose my own PIN?
How can I track my HSA account?
How do I make contributions to my HSA?
Will my deposits be protected?