Health Savings Accounts

Who is Eligible for an HSA?

Any adult can contribute to an HSA as long as they:

• Are not enrolled in Medicare
• Cannot be claimed as a dependent on someone else's tax return
• Have coverage under an HSA qualifying High Deductible Health Plan (HDHP)
• Have no other first-dollar medical coverage (injury/accident insurance, disability, dental care, vision care, or long-term care insurance are allowable)

HSA Account Access

West Coast Community Bank provides both checks and HSA debit cards to pay your medical bills. You can access your HSA account anytime, seven days a week through our online banking system.

Earn a competitive interest rate on your HSA and pay a low monthly service charge.

Triple Tax Savings!

1. Tax deductions when you contribute to your account
2. Tax-free earnings through investment
3. Tax-free withdrawals for qualified medical expenses

Contribution and Out-of-Pocket Limits for Health Savings Accounts and High-Deductible Health Plans

	2025	2024	2023
HSA Contribution Limit (employer + employee)	Self: $4,300 Family: $8,550	Self: $4,150 Family: $8,300	Self: $3,850 Family: $7,750
HSA Catch-up Contributions (age 55 or older)	$1,000	$1,000	$1,000
HDHP Minimum Deductibles	Self: $1,650 Family: $3,300	Self: $1,600 Family: $3,200	Self: $1,500 Family: $3,000
HDHP Maximum Out-of-Pocket (deductibles, co-payments and other amounts but not premiums)	Self: $8,300 Family: $16,600	Self: $8,050 Family: $16,100	Self: $7,500 Family: $15,000

Catch-Up Contributions

Individuals age 55 and older can make additional "catch-up" contributions. The maximum annual catch up contribution is $1,000. All contributions may be made as late as April 15 of the following year.

Can I switch my existing HSA to West Coast Community Bank?

Yes! Your existing HSA can be rolled over into an account at West Coast Community Bank. Simply provide us a copy of an account statement from your existing Health Savings Account.

How do I open a West Coast Community Bank Health Savings Account?

To open your HSA account, visit one of our branches.

Insurance Agents, Brokers, and Human Resource Professionals

We love referrals! If you have clients who would benefit from establishing Health Savings Accounts, we'd love to hear from you.