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Health Savings Account

It’s just what the doctor ordered! A way to save money for your medical needs.

Open an Account

Or call 1-855-440-4472

Health Savings Account (HSA) Dividend Rate  APY 
$0 - $2,499 0.10% 0.10%
$2,500 - $9,999 0.30% 0.30%
$10,000 - $24,999 0.59% 0.60%
$25,000 and Above 0.59% 0.60%

Health Savings Account Annual Percentage Yield (APY) effective as of March 20, 2020, and may change after account opening without notice. Fees may reduce earnings.

Health Savings Account


  • Contributions can be made by you, your employer, or other individuals
  • Funds will not be taxed if used for qualified expenses
  • At year-end, remaining funds carry over for use in future years


  • Convenient Visa® Debit Card with a security-enabled chip to use for your qualified purchases
  • Online portal for account management and safekeeping of your paperwork and receipts — accessible through online banking or the mobile app


Our experienced, helpful HSA member care team is available to answer your call from 8 am to 5 pm EST.


Live Chat

Chat Available Mon-Fri, 9 am-5 pm Eastern

What is a Health Savings Account?


A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). An HSA allows you to pay for current health expenses and save for future medical and retiree healthcare expenses on a tax-free basis. Contributions, earnings, and distributions are all exempt from federal income taxes when funds are used for qualified medical expenses.

You may use the HSA to cover expenses related to your High Deductible Health Plan until you meet your deductible. After your deductible has been met, your health plan coverage will then pay all or a portion of your medical costs, depending on the benefit design of the health plan. Any excess funds available in the HSA may be used for other qualified expenses, including dental and vision costs. Funds may also remain in the HSA to grow for use in future years.

Key Features

Visa® Debit Card

  • Safely pay for qualified medical expenses, including prescriptions and doctor visits, among other health-related purchases with your Elements HSA Visa® Debit Card.

Online and Mobile Banking

  • You can use Elements Online Banking to reimburse yourself from your HSA for payments made from your other Elements accounts or use Bill Pay to pay providers that don’t accept Visa. You can also track online account balance and transaction information.

HSA Advisor

  • Provides actionable feedback about how you can get the most benefit from your HSA.

Link Your Credit Card

  • Linking your personal credit and/or debit cards to your HSA allows you to use your usual payment methods for healthcare -- pay yourself back from your HSA at any time.

Deductible Tracker

  • Link your health plan (ex. Blue Cross Blue Shield) account, to take the guesswork out of your progress against your deducible.

Already have an HSA?

It’s easy to transfer your existing balance to Elements. Call one of our team members at 1-855-440-4472 8am-5pm Eastern to learn how.

Investment Options


If you wish to learn more about the Investment Program1, please visit the HSA Portal Document Center in the HSA Portal to review the Investment Program Details or contact one of our team members at 1-855-440-4472.

An active Elements Health Savings Account is required to access the HSA Portal Document Center within online banking or the mobile app.

HSA Portal


Once you have opened your Elements HSA, you will have access to the HSA Portal within online banking and the mobile app. The portal enables you to keep all of your important information, like paperwork and receipts, in one place, which makes for easy retrieval and reference later. Here’s a glimpse at other things you can accomplish on the HSA portal: 

  • The Health Care Blue Book is a free consumer guide to help you determine fair prices in your area for health care services such as surgery, hospital stays, doctor visits, or medical tests. You can find this in the HSA Portal.
  • The is the only site exclusively focused on health savings accounts, and it’s the easy way to shop for HSA-eligible over-the-counter products. Using this online store takes the guesswork out of what products are eligible.


Already have an Elements HSA?

Log into the HSA Portal to manage your HSA Account — access it within online banking or the mobile app.

Frequently Asked Questions


Q: How are deposits made to my HSA?
A: If the HSA is offered through your work, your employer can deduct the amount from each paycheck for deposit into the account. If account holders wish to make other deposits, deposit instructions will be provided by the HSA Customer Support Center, which can be reached at 1-855-440-4472.

Q: Whom do I call if I have HSA questions?
A: You can contact the Customer Support Center at 1-855-440-4472 for answers to your HSA questions.

Q: What IRS reporting will I have to do each year for tax purposes for my HSA account?
A: You will need to complete IRS Form 8889 to be filed with your Form 1040 income tax filing each year, whether you itemize your deductions or not. This form reports your deposits and withdrawals from the HSA account. We provide an online workbook based on your account usage to assist you with form completion. This is provided for informational purposes only and is not considered tax advice. For specific assistance with tax reporting of your HSA account, please see your personal tax advisor.

Elements will send the 1099-SA for distributions to arrive at the end of January; and the 5498-SA for contributions to arrive at the end of May.

How to Get Started


You can apply online in as little as 10 minutes! Or call 1-855-440-4472 to get started.

What you’ll need to open an account:

  • Your government-issued ID (driver’s license, state ID or passport)
  • Social Security number

What to expect during the application process:

  1. You will receive an email within 1 business day to notify you of account approval.
  2. That’s it – your HSA is now open and ready for contributions from your employer!


HSA Forms

See below for a list of forms that can help you get started.

How Much Should I Save to Reach My Goal?

Savings Calculator