A Health Savings Account (HSA) offers you a health savings strategy. HSAs are made
possible through federal legislation, which allows you to save, on a tax-favored
basis, for health care expenses. Used in combination with a qualified high-deductible
health insurance plan (HDHP), an HSA helps you gain control over the way you pay
for health care costs.
Carolina First offers two Health Savings Accounts – a standard checking account
(through Carolina First) and an investment option, HSA Plus (through UVEST
Financial Services), for those individuals who would like more choices in how to
invest their funds. With both accounts, you receive convenient access to your funds
while earning competitive rates with a high interest-bearing, low-cost, checking
account. Customers in HSA Plus also have the ability to invest their money in select
mutual funds.