Health Savings Accounts

It's comforting to know you can afford the best care possible.

Health Savings Accounts - or HSAs - allow individuals and families to set aside money for a wide range of care. You can get well by using funds for doctor and hospital costs. And you can stay well by using deposits for medical tests, dental work, vision care and prescription medication.

• Designed for individuals and families with high-deductible health plans
• Deposit up to $4,150 annually for individual care and $8,300 for families
• For age 55 and up, limits are $5,150 for individuals and $9,300 for families
• Benefit from tax advantages when contributions are made with pre-tax earnings
• Grow your balance faster with tax-exempt interest payments
• Roll over any unused HSA funds to the next calendar year
• Track savings and withdraw funds using Online Banking or Mobile Banking
• A $3.50 charge will be imposed every month the balance falls below $1,000 at any time

Berkshire Bank is a full-service financial institution with branches in MA, CT, VT, NY, and RI.