The Health Savings Account (HSA)* was created to help individuals and families defray the out of pocket expenses that can occur when they are covered by a High Deductible Health Plan (HDHP). An HSA offers tax benefits for contributions and distributions, when used for qualified expenses.

A Oklahoma Fidelity Bank HSA makes planning for those unexpected medical expenses a little easier. HSAs offer more flexibility & convenience when paying for qualified medical expenses. Unlike the Flex Spending Accounts "Use it or lose it", these funds continue to grow year after year, all of the money you set aside plus the invested earnings in your HSA grows tax-deferred. In addition, a Oklahoma Fidelity Bank HSA checking account is FDIC Insured.

*Health Savings Accounts are regulated by the Internal Revenue Service.