Health Savings Account (HSA)

Cover Your Medical Expenses While Gaining Tax Benefits

• $50 minimum deposit to open
• High deductible qualifying health insurance policy to open
• Reduce your income tax*
• Withdrawals are tax free when used for qualified medical expenses**
• $2.99 monthly service charge
• Money rolls over year-to-year automatically
• Easy withdrawal access by check, debit card, online, teller

*Direct deposit from your paycheck will reduce your taxable earnings. Yearly contributions (deposits) are limited. Consult a tax advisor. If contributions are made after income was taxed, the amount deposited is tax deductible. Consult a tax advisor.

**Withdrawals for non-qualified medical expenses are subject to income tax and a 20% penalty. The 20% penalty is waived for persons 65 and over or who have become disabled.