Health & Benefits Accounts

Health & Benefits Accounts


Manage all of your healthcare finances in the same portal—and with the same debit card.

Pinnacle offers a full suite of health and benefits accounts, including HSAs, FSAs, dependent care and commuter. If you have multiple accounts with us, you can view them all through our Pinnacle | Health & Benefits online portal. Similarly, you can access all of your health and benefits funds with just one debit card.

Most of these accounts are available only through your employer, but you can open a health savings account (HSA) on your own if you have a qualified high-deductible health plan. You can also invest your HSA funds over a certain threshold.

Health Savings Accounts (HSAs)

Open a new HSA online or log into an existing account



Complete our safe and secure online application in as little as 10 minutes. If you do not have an employer code, please email for instructions on setting up your account.


Take control of your healthcare spend with an HSA.

Some health insurance plans offer lower monthly premiums in exchange for higher annual deductibles. They’re often a good option for young people and others who don’t go to the doctor often. To help cover the expenses that do come up, Pinnacle offers specialized savings accounts designed for qualified medical expenses.

When you pair an HSA Qualified Health Plan with a Health Savings Account (HSA), you get an alternative to traditional health insurance and more control over your healthcare expenses. As a bonus, they also come with tax benefits. All deposits and interest earned in HSAs are tax-exempt. Learn more about the triple tax advantages of HSAs and the three life stages: saver, spender and senior.

HSAs offer a host of other significant benefits:

  • No “use it or lose it” penalties.
    Unused money rolls over from year to year and keeps growing with interest.
  • The money is yours.
    It can be used at your discretion and stays with you if you change jobs or health plans. The savings can build like a retirement account, and when you turn 65, you can use the funds for non-medical expenses without a penalty, though they will be taxed as income.
  • No time limit for reimbursements.
    You decide whether to spend from the HSA or pay out of pocket, and you decide when to reimburse yourself.
  • Open accounts easily and securely online with quick turnaround.
    You can start using your money as early as the next business day if you make an electronic transfer at account opening.

Pinnacle’s HSAs also include:

  • Tax-exempt contributions and interest*
  • No per-transaction charges
  • Competitive interest rates on the entire balance
  • Secure online portal and mobile app to manage funds and expenses
  • Debit card access
  • Monthly account statement ($1 monthly for print statements)
  • FDIC insurance for funds held in your Pinnacle HSA
  • HSA Store access, where all items are eligible to purchase with your Pinnacle | Health & Benefits debit card

*The IRS contribution limits will increase from 2024 to 2025. Please review the grid below for contribution limit details.

IRS Contribution Limits
Minimum HDHP Deductible  2024 2025
Individual Coverage $1,600 $1,650
Family Coverage $3,200 $3,300
Maximum HDHP Out-of-Pocket 2024 2024
Individual Coverage $8,050 $8,300
Family Coverage $16,100 $16,600
Maximum HSA Contribution 2024 2025
Individual Coverage $4,150 $4,300
Family Coverage $8,300 $8,550
Catch-up Contribution (55+) 2024 2025
Per person $1,000 $1,000

HSA Investment Account

Go beyond a traditional HSA to grow your money and take greater control of your coverage.

You can earn more from your pre-tax HSA dollars through a variety of mutual fund options.* If you have at least $2,000 in your account, you can invest increments of $100 over that minimum in the way that best fits your needs.

Why choose this option?

  • The potential to earn more to cover more.
    Remember, both your contributions and the interest earned are tax-exempt. So when you invest your HSA, you could earn more pre-tax money for healthcare costs.
  • Contribute to and manage your accounts with ease.
    You can easily set up automated contributions or make one-time contributions. And you have instant access to your transaction history, balance information, portfolio management, fund reports and prospectuses through our online tool.
  • You control the investment strategy.
    Pinnacle offers a great selection of no-load mutual funds** from a variety of asset classes. You get to decide which funds to invest in and when to buy or sell. 
  • Get quick access to your money.
    When you need money for qualified medical expenses, transfers to your HSA cash account can happen in a snap. Liquidate and transfer funds within three business days – more than enough time to cover medical bills as they come up.


We offer a diverse set of mutual funds for you to choose from, and they are reviewed quarterly to make sure you always have attractive options. A complete list of available funds is available in the consumer portal. After you log in, hover over Accounts from the top navigation bar. Under Investments, select Education and then Fund Performance.

Pinnacle offers all of this for a low monthly fee.***

Log in to your HSA Investment Account



* Clients are urged to carefully weigh the advantages and disadvantages of investing HSA funds versus holding them in their Pinnacle Health Savings Account. Investors should carefully read the prospectus from each mutual fund selected before investing. There are no guarantees that the investment will make money, and additional contributions above and beyond the yearly maximum HSA contributions cannot be made to an HSA account to replace any losses that result from investing. HSA investments are not deposits of or guaranteed by Pinnacle Bank, are not insured by the FDIC and may lose value. Please keep these factors in mind when considering this option.

** Please refer to the individual fund prospectus for further performance, expense and fee information.

*** We will deduct a custodial management fee from your investment account in an amount up to 1/16 of 1 percent (0.0625%) per quarter before the end of each calendar quarter. This equates to 0.25%, which is $2.50 per $1,000, annually.

Flexible Spending Accounts (FSAs)

Set aside pre-tax dollars for qualified healthcare expenses with an FSA.

A flexible spending account (FSA) is an easy way to budget for healthcare expenses while taking advantage of tax savings. These accounts are offered only through your employer. Unlike an HSA, you do not have to be covered by a high deductible health plan (HDHP) to participate. Funds do not roll over year to year, unless your employer offers a grace period or carryover option.

Types of FSA include:

  • A healthcare FSA for qualifying out-of-pocket medical expenses
  • A limited purpose FSA (LPFSA) works with a qualified high deductible health plan (HDHP) and health savings account (HSA) and only allows reimbursement for vision and dental expenses.
  • A dependent care FSA allows pre-tax reimbursement of dependent care expenses, such as daycare, incurred by eligible dependents.

Pinnacle’s FSAs include:

  • “Stacked” Pinnacle | Health & Benefits debit card. When you have more than one type of account (HSA, FSA, dependent, commuter), your single debit card “knows” which account to pull from for each transaction.
  • Secure online consumer portal to manage funds and expenses
  • Mobile app with eligible expense scanner and electronic shoebox for receipts
  • FSA Store access, where all items are qualified expenses

Keep in mind that FSA account holders may be prompted to provide a copy of the receipt for certain transactions in accordance with IRS regulations.​

Healthcare and Limited Purpose FSA
  2023 2024
Maximum Contribution Limit $3,050 $3,200
Dependent Care FSA
  2023 2024
Maximum Contribution Limit; married and filing jointly or single parent $5,000 $5,000
Maximum Contribution Limit; married and filing separate $2,500 $2,500

Ask your employer for more information about FSAs.

Other Benefits Accounts

Check with your employer to find out whether our other benefit accounts are a fit for you.

Pinnacle offers our employer clients two other types of benefit accounts: Health Reimbursement Arrangements (HRAs) and Qualified Transportation Accounts (QTAs).

HRAs are a health spending account funded and owned by the employer. Your employer also determines what the money can pay for, like medical, pharmacy, dental or vision.

QTAs allow you to set aside pre-tax funds for eligible transportation and parking expenses related to your work commute.

The IRS sets maximum monthly pre-tax deduction and spending limits, which adjust annually. These limits reflect the maximum allowed pre-tax contribution and reimbursement amounts per calendar month. Unused amounts can be carried over.

Transit Benefits Limits
  2023 2024
Parking - monthly limit $300 $315
Transit and vanpooling - monthly limit $300 $315