You can save for current and future qualified medical expenses on a tax-free basis through a Health Savings Accounts. An HSA is ideal if you have a health insurance plan with a high deductible.

• All withdrawals are tax-free for qualified medical expenses
• Can be used for self, spouse, or dependent child, even if they are not covered under a HDHP
• Distributions NOT used for qualified medical expenses are taxable and, if under age 65, subject to 10% penalty
• No minimum balance to open
• Immediate access to your funds
• No monthly or annual fees
• Interest on your HSA will be calculated on a tiered basis

**Before completing the application, please understand that you must come to one of our bank locations to finalize the account opening process if you have no other accounts with us.

• Contributions are tax deductible
• Money invested carries over from year to year
• If you change jobs, your HSA goes with you
• Use of a debit card or check
• Free duplicate checks
• Online access to images of your checks

• Must be covered under a qualified, high deductible health plan
• Must not have coverage by another type of health plan
• Cannot be claimed as a dependent on another person's tax return
• Cannot be enrolled in Medicare

Contribution Limit is Determined By:

• Whether you have individual or family coverage
• Statutory annual limit set by the federal government
• If a person is age 55 or older, they are eligible to make "catch-up" contributions