Health Savings Account

• This account is designed as a tool to pay current medical expenses or save for future needs.
• Contributions are generally tax deductible.
• Withdrawals are tax-free if the money is used to pay qualified medical expenses as permitted under federal law.
  
  
• HSA Eligibility Requirements:
  • Copy of health insurance declaration page or card indicating coverage under a high deductible health plan. (HDHP)
  • Cannot be covered by another health plan. (with limited exceptions)
  • Cannot be enrolled in Medicare.
  • Cannot be eligible to be claimed as a dependent on another person’s tax return.
• Minimum amount to open: $25.00.
• One time set up fee: $10.00.
• Service Charge: $3.00 per month if balance falls below $2,500.
• $7.00 per month fee for paper statement.
  
  
• Free E-Statements.
• Free Debit MasterCard^®
• Free Internet Banking.
• Free Bill Pay.
• If checks are desired, first order of 50 checks are free.
  
  
• Additional service charges and miscellaneous fees may be applicable. View Schedule of Fees.
  
  On all deposit accounts there may be additional service charges and miscellaneous fees applicable. .

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