One of the number one issue facing many individuals and families in America today is healthcare. A Health Savings Account (HSA) offers eligible individuals who participate in a high-deductible health plan (HDHP) an affordable alternative to the high cost of healthcare. The HSA offers individuals and families many benefits including the ability to keep the money and save towards retirement. An HSA is a tax exempt custodial account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse, and your dependents. Because the HSA is a checking account it is so easy to pay bills. Your monthly checking statement comes with check imaging to make tracking expenses simple and convenient.
Other Great Reason to Open a Heath Savings Account
Earn interest
Reduce insurance premiums
Tax Savings
Long-term savings
You are eligible for a regular HSA contribution if, with respect to any month, you:
Are covered under a high-deductible health plan (HDHP) on the first day of such month
Are not also covered by any other health plan that is not an HDHP
Are not enrolled in Medicare
Cannot be claimed as a dependent on another individual’s tax return.
For more details contact your local branch or call 1-800-717-3991, during banking hours.
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.