Health Savings Accounts

The constant changes in health insurance plans and their costs can be overwhelming. A Health Savings Account (HSA) in conjunction with a qualified high deductible health plan (HDHP) may be just what you need. An HSA is a tax-exempt savings account established exclusively for the purpose of paying or reimbursing qualified medical expenses of you, your spouse and your dependents.

You can use funds in your HSA to pay for qualified medical expenses until your deductible is met. In addition, the funds can help pay for your current plan's deductible or qualified medical expenses not covered by your insurance policy, including but not limited too:

Monthly Insurance Premiums
Routine Healthcare Expenses
Prescription Drugs
Dental/Orthodontic Care
Emergency Room Visits
Specialists

Qualified medical expenses are paid via check or debit card provided with the account. For more information or to open an HSA account contact one of our bank representatives or stop in and see us for more information.

Information about Health Savings Accounts can be found on these Web Sites: www.irs.gov.

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The account owner is solely responsible for tracking all eligible medical expenses in the event of an audit. The bank takes no responsibility for contributions and distributions to the account.