Welcome to your C.R. Crawford HSA HQ

Your High Deductible Health Plan (HDHP) qualifies you for a tax-advantaged Health Savings Account (HSA). C.R. Crawford has partnered with Signature Bank of Arkansas to provide HSAs with an easy, online application.

APPLY HERE

What you need to know about Health Savings Accounts

A High Deductible Health Plan (HDHP) is required
Earnings are tax free when IRS requirements are met
Your account is transferrable to a new job
See below for a list of qualified and nonqualified expenses

Your Account

Interest is paid monthly on collected balance
First order of HSA checks is free. Checks will note ordered until the first deposit is made.
Unlimited check writing
Complimentary debit card for use at your pharmacy, doctor’s office, or anywhere HSA authorized medical expenses are allowed.
No monthly service charge on the account

Your Debit Card

Cards will not be issued until the first deposit is made.
Your complimentary instant-issue debit card is available immediately by visiting any of our bank locations.
We can also mail your card to the address you provide in your application.
Once your card is received, call the phone number provided in the mailer to activate your card and select a PIN.

HEALTH SAVINGS ACCOUNT CONTRIBUTION LIMITS
Contribution Year	Contribution Limit Under Age 55 Single Coverage	Contribution Limit Under Age 55 Family Coverage	Contribution Limit Age 55 and Over
2024	$4150	$8300	$5150 (Single) $9300 (Family)
2025	$4300	$8550	$5300(Single) $9550(Family)
Age 55 and over – catch-up contribution of $1,000 per year Family coverage – if both spouses are 55+ and eligible to contribute to an HSA, both spouses may contribute a catch-up contribution of $1,000 as long as one spouse has or opens a separate HSA to deposit the $1,000 catch-up contribution.

If corrections need to be made on your account,

please contact our Customer Service Center at 479-684-3700 and they will direct you to the Branch Manager of your preferred location.

Examples:

Deposit made in error, such as incorrect amount, wrong account, etc
Original distribution amount was incorrect, requiring additional deposits/withdrawals to the account (i.e. you received a reimbursement for overpayment of medical services)

HSA Qualified Medical Expenses

Because Health Savings Accounts were created by the tax code, it is the Internal Revenue Service that determines what expenses can be reimbursed and what cannot. Here are some examples of qualified and nonqualified medical expenses.

www.irs.gov/publications/p502 will provide you with a complete list.

Examples of Qualified Expenses:

Acupuncture
Alcohol and drug addiction treatment
Breast reconstruction surgery
Dental treatment
Diagnostic tests and devices
Doctor’s visits
Prescriptions
Eyeglasses, contact lenses and exams
Fertility enhancements
Hearing aids and batteries
Operations/surgery (non-cosmetic)
Nursing services
Physical therapy
Psychiatric care
Smoking cessation

Examples of Non-qualified Expenses:

Cosmetic surgery
Diaper service
Electrolysis or hair removal
Funeral expenses
Health club dues
Illegal operations and treatments
Maternity clothes
Nutritional supplements
Over-the-counter medications for which you do not have a doctor’s prescription
Toiletries (toothbrush, toothpaste, etc.)
Teeth whitening
Weight loss programs (unless prescribed to treat a specific disease)

IMPORTANT TAX INFORMATION

If the disbursements from your HSA are not used for qualified medical expenses, the funds are taxable and may also receive an IRS 20% penalty unless the distribution is due to death, disability or age 65 or older. You are required to file IRS form 8889 with your taxes each year to show HSA contributions and distributions.

CR Crawford Health Savings Accounts