The Benefits of a Health Savings Account

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For Individuals

Your health is your most valuable asset, and it’s the key to living the life you’ve worked hard for. Saturna offers two Health Savings Accounts (HSA), Traditional and Shifa. Both of our HSAs provide the same triple-tax advantages, and have many of the same helpful features, such as a debit card, spending account and investment account. The main differences between the two are your investment options and your ability to earn interest in the spending account.

Open an HSA Account

 

 

For Employers

If your company offers a Qualified High Deductible Health Plan (QHDHP) to employees, your company may be eligible to augment individual employee Health Savings Accounts by making contributions to them.

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A Traditional Health Savings Account provides a tax-advantaged way to save for healthcare expenses. With a Qualifying High Deductible Health Plan (QHDHP), you can contribute to your HSA and use the funds for IRS-approved medical expenses, both now and in the future.

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Our Shifa HSA offers investment options that are compliant with Islamic Investment Principles, allowing Muslim investors to take advantage of an HSA that aligns with their religious beliefs. Mutual funds that invest according to Islamic Principles typically avoid speculation. This investment menu would be appropriate for the majority of Muslim investors. Additionally, to avoid riba (interest), the associated spending account tied to your debit card will not accrue interest.

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Employer HSA Plans can be tailored to the company's risk and return objectives.  Saturna offers a selection of no-load mutual funds with a variety of investment objectives.

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Further Reading


Saturna Capital on Investor's Business Daily "Best HSA's" List

Saturna Capital Expands Employer Health Savings Account (HSA) Offerings

Contact Us

If you have any questions about which account is right for you or how to get started, our team is here to help.

For personalized assistance or to learn more, contact us at 833-456-0550.

Accounts with Saturna's No-Load Mutual Funds and Self-Directed Brokerage accounts are not advisory accounts; Saturna Brokerage Services does not provide investment advice. Saturna Capital provides investment advice only under specific contracts.

INVESTMENTS IN SECURITIES ARE: NOT FDIC-INSURED · MAY LOSE VALUE · NO BANK GUARANTEE
Saturna Trust Company, in its capacity as the Saturna Capital Corporation Direct Customer Product Sponsor, selects the mutual funds in the Saturna Trust Health Savings Account (the “HSA”) unless you participate in your employer sponsored HSA. In that case, your employer sponsored HSA mirrors the mutual funds selected by your employer as the plan sponsor of your 401(k) plan. UMB Bank, n.a., a wholly owned subsidiary of UMB Financial Corporation, is the HSA custodian. Saturna Trust Company, in its capacity of sub-custodian to the HSA, provides mutual fund settlement, custodial, and recordkeeping services to the HSA.

The mutual funds in the Saturna Trust Company HSA Plan are not FDIC insured, and are not an obligation of, or guaranteed by, UMB Bank, n.a. or Saturna Trust Company. Mutual funds may fluctuate in value and involve investment risk including the possible loss of principal. There can be no guarantee about the attainment of any particular investment goals, investment performance, or investment objectives.

Saturna Trust Company is a wholly-owned subsidiary of Saturna Capital. HSA deposit products offered by UMB Bank, n.a. Member FDIC.

High-Deductible Health Plans constitute insurance products, which are not offered by Saturna Trust Company, or UMB Bank, n.a. and are not FDIC-insured.All mention of taxes is made in reference to federal tax law. Neither Saturna Trust Company nor UMB Bank n.a., nor its parent, subsidiaries, or affiliates are engaged in rendering tax or legal advice and this document is not intended as tax or legal advice.

States can choose to follow the federal tax-treatment guidelines for HSAs or establish their own; some states tax HSA contributions. Please check with each state’s tax laws to determine the tax treatment of HSA contributions, or consult your tax adviser.

The Amana Funds limit the securities they purchase to those consistent with Islamic principles. This limits opportunities and may affect performance.