Health Savings Accounts

Keep your Health Savings Account in a convenient place! We offer Health Savings Accounts for customers with a compatible high deductible health plan, handle the IRS reporting, and give you the perks of seeing that account with your online/mobile banking.


health savings account

How HSA's Works:

Health Savings Accounts work like a regular checking account and you can use a check or debit card to pay for qualified medical expenses. The funds in the account continue to grow tax-free, year after year.

  • Competitive interest rates
  • Local service
  • Free HSA debit card
  • Check writing (first box free)
  • Monthly statements
  • Year-end reporting for tax purposes

High Deductible Health Plans:

Single Coverage

2020 minimum annual deductible: $1,400.00
2020 maximum annual out-of-pocket expenses: $6,900.00
2020 maximum contributions: $3,550.00


2021 minimum annual deductible: $1,400.00
2021 maximum annual out-of-pocket expenses: $7,000.00
2021 maximum contributions: $3,600.00

Family Coverage

2020 minimum annual deductible: $2,800.00
2020 maximum annual out-of-pocket expenses: $13,800.00
2020 maximum contributions: $7,100.00


2021 minimum annual deductible: $2,800.00
2021 maximum annual out-of-pocket expenses: $14,000.00
2021 maximum contributions: $7,200.00


HSA Catch-Up Contributions

2020 Age 55 and older: $1,000.00
2021 Age 55 and older: $1,000.00


Meet Our Banking Pro!

Cheryl Doocy

Personal Banker
(320) 335-5805 | cheryl.doocy@fnbosakis.net

Osakis Area Native | Fitness Junkie | Wife | Mom | Farm Girl

As your Personal Banker, I look forward to helping guide you to the most beneficial products to optimize the health of your financial future!

"There is more mercy in Christ than sin in us." - Richard Sibbes