Health Savings Account

When you enroll in the HSA Advantage, HSA Value or the HSA Saver medical plan, you can open a health savings account (HSA) with HSA Bank, which is funded by you (if you choose) and by Barnes Group. Contributions to your HSA and any interest earnings are tax free!

You can use the money in this account to help pay eligible health care expenses, including your deductible, copays and coinsurance as well as eligible dental and vision expenses. Refer to IRS Publication 502 for a complete list of eligible expenses.

HSA Bank helps you get the most from your HSA

HSA Bank, a division of Webster Bank, N.A., empowers you to make the most of your health care dollars.Our vision is to inspire you to own your health by simplifying the health account experience and by using cutting edge technology to help make sure you're on your way to a healthy financial future.

HSA Bank Welcome Kit— You’ll receive complete instructions about using your HSA after you enroll.

Live service 24/7/365—Get the same service at 2 a.m. or 2 p.m. from knowledgeable, U.S.-based HSA Bank specialists.

Easy-to-use online account access—Monitor your account balance, pay medical bills, get reimbursed, and more—all from a single, easy-to-use online portal.

Invest your HSA contributions—Participants with balances greater than $3,000 are provided a unique opportunity to invest their health savings account (HSA) funds in self-directed investment options, including TD Ameritrade Self-Directed Brokerage option and Devenir Self-Directed Mutual Fund Program.