Health Savings Accounts (HSAs)
Invest in
Your Health
Ideal for a wide range of uses, Commerce Bank of Wyoming HSAs help you take control of your medical expenses.
Find Out More
Why Open a Health Savings Account?
HSAs help you save money on qualified medical expenses. But that’s only the beginning.
Tax-Free
Deposits*
Tax-Free
Interest Growth*
Tax-Free
Withdrawals*
Expert
Support Team
Free HSA Debit Card and Checks
Do You Qualify for an HSA?
Before you can start taking advantage of HSA benefits, you need to meet a few simple requirements. You must:
Be covered by a high-deductible health plan (HDHP)
Not hold any other health coverage
Not be claimed as a dependent
Not be enrolled in Medicare
HSA Contribution Limits
| 2024 | 2025 | ||
|---|---|---|---|
| Self-Only Coverage | $4,150 | $4,300 | |
| Self-Only Coverage (if age 55 or older) | $5,150 | $5,300 | |
| Family Coverage | $8,300 | $8,550 | |
| Family Coverage (if age 55 or older) | $9,300 | $9,550 | |
Get More From Your HSA
Enjoy the safety, security, and service that makes Commerce Bank of Wyoming stand apart.
Expert support team
FREE HSA debit card and checks
FREE online and mobile banking
FREE identity theft service
Low $14 setup and $3 monthly service fees
Low $100 opening deposit
Frequently Asked Questions
An HSA is an account owned by an individual to pay for future qualified medical expenses. If you have a high-deductible health insurance plan, you could qualify for an HSA.
HSAs are similar to Traditional IRAs, except the money is used to pay for qualified healthcare costs. Contributions can be tax-deductible and distributions are tax-free when used for qualified medical expenses. Interest earned is tax-deferred, and unused balances roll over from year to year.*
Anyone with a high-deductible health insurance plan is eligible for an HSA provided they are not covered by another health insurance plan, entitled to Medicare, or can’t be claimed as a dependent on someone else’s tax return.
For 2025, the contribution limit is $4,300 for single coverage or $8,550 for family coverage. If you are over age 55, you can make a $1,000 “catch-up” contribution as well.
Ready to Switch?
We make it easy to switch with trained Account Transfer Specialists. Our team of experts will ensure the process is smooth and hassle-free.
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*Health Savings Accounts are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. State taxes may apply. Consult a tax adviser with questions.
