A Fresh Financial Start: CFB Highlights the Power of HSAs

As individuals and families turn the page to a new year, Citizens First Bank is empowering the community to take a more strategic approach to both health care and financial planning through Health Savings Accounts (HSAs). Designed for those enrolled in high-deductible health plans, an HSA offers a practical way to prepare for medical expenses while building long-term financial resilience.

A Fresh Start for Your Financial Health

Citizens First Bank’s Health Savings Account focuses on helping account holders integrate health-care spending into their broader financial goals. By funding an HSA with pre-tax dollars, individuals can set aside money specifically for qualified medical expenses—reducing out-of-pocket surprises throughout the year and creating a strong financial buffer.

Key Benefits Include:

Tax-Free Contributions
Contributions made to an HSA are tax-free, lowering taxable income and freeing up room in your financial plan for other priorities.

Tax-Free Growth
Funds in an HSA grow without being taxed, giving savers a powerful tool to strengthen their long-term financial position.

Tax-Free Distributions for Qualified Expenses
Using HSA dollars for healthcare costs—such as deductibles, copays, and approved treatments—keeps more money in your pocket when you need care.

Long-Term Flexibility
After age 65, HSA funds can be used for non-medical expenses (ordinary income tax applies), offering supplemental retirement flexibility for those planning ahead.

Easy Access to Important Documents
Through CFB Digital Banking, account holders can access their HSA tax forms anytime—an advantage during tax season and year-round financial planning.

Aligning Health and Money Goals in 2025

“An HSA gives individuals the ability to plan ahead, reduce financial stress, and stay prepared for the unexpected,” said Anne West, Retail Banking Officer at Citizens First Bank. “Starting the year with tools that support both your health and long-term financial goals is one of the strongest way to set yourself up for success.”

Whether the goal is to manage routine medical expenses more efficiently, reduce taxable income, or bolster retirement planning, Citizens First Bank’s HSAs provide a balanced, future-focused solution.

Learn more about CFB HSA Accounts