Take control of your healthcare finances with a Comerica HealthReserve account. This portable, tax-advantaged account puts you in charge of deciding how much to contribute and whether you want to spend your healthcare funds now or save them for the future1. These accounts can be opened only by (1) roll over from another Health Savings Account or (2) if the individual is in an HSA qualified High Deductible Health Plan.
Contributions to the account may be tax deductible, earnings on the account are tax free, and distributions are tax free if used for qualified medical expenses2
No “use it or lose it” provision. Balances at the end of the year roll over
Long-term savings that can be used to pay for future medical expenses (pre and post-retirement)
The ability to take your money with you when you change jobs or health plans
24/7 access to your account3