This website uses cookies to provide a better user experience, as explained in our Online Privacy Policy. By continuing to use this website, you accept the terms of our Online Privacy Policy and out usage of cookies.

Health Savings Accounts

A Heath Savings Account (HSA) is a great way to pay your out-of-pocket medical expenses on a tax-favored basis. If you are enrolled in a high-deductible HSA-eligible medical insurance plan, Community West Bank can help make your health care more affordable.*

Save for Medical Expenses

  • Tax free — funds in Health Savings Accounts earn interest tax free.
  • Tax deductible — HSA deposits made by employees are IRS tax deductible.
  • Employer contributions to Health Savings Accounts are made tax free to the employee.
  • Qualified medical expenses are paid tax-free from an HSA.
  • Convenient payment — pay your qualified medical expenses by check or debit card.
  • Low opening deposit — a Community West Bank HSA can be opened with as little as $50.
  • Easy information access — keep track of your HSA transactions and balance with free online access to account information.
  • Unused funds remain in an HSA and continue to earn tax-favored interest.
  • Additional “catch up” contributions may be made to an HSA each year if you are 55+.
  • Electronic monthly account statements are available, detailing your HSA contributions, medical expense payments and interest earned.

Flexible and easy to use, an HSA is a tax-advantaged account that enables you to take charge of your health, your savings and your future.

Please call or stop by Community West Bank.

* As with any tax-favored account, please consult your financial or tax advisor regarding any tax implications of your Health Savings Account contributions and withdrawals.