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Health Savings Account (HSA)

A Health Savings Account (HSA) from First National Bank combined with a High Deductible Health Plan from your insurance provider can reduce healthcare costs, and provide you with a tax-advantaged, lifetime medical savings account.

The Benefits of owning a HSA:

  • Long-term Savings: HSA funds roll over from year to year and always belong to you, growing tax deferred. Funds can be used for medical expenses and at the age of 65 can be withdrawn penalty free for any reason.
  • Convenient: An FNB debit card can be used to pay medical expenses at the point of service. You can take advantage of direct deposit to transfer money to your HSA.
  • Control: HSAs give you greater freedom when making healthcare choices. You can also decide how much and when you want to contribute to your HSA.
  • Tax Savings: HSA deposits are tax deductible and can be used to pay for medical expenses at any time. We recommend that you consult a tax advisor for details.

First National Bank HSA Features:

  • No Set Up Fee
  • No Annual Fee
  • No Monthly Maintenance Fee*

*If the balance is below $500, there is a $5 fee

  • Interest earned Monthly with a Tiered Rate
  • Free Debit Card
  • Free Online Statements
  • Free Online Access
  • Minimum Opening Balance $100

Not sure if a High Deductible Health Plan is right for you? Visiting with your trusted insurance agent or your Human Resources Department is the first place to begin. A HSA calculator is another great resource to use in your research. This Wellmark HSA Calculator can help get you started.

Maximum Contributions

  2013 2014
Single HDHP $3,250 $3,300
Family HDHP $6,450 $6,550

 

HSA Calculator
Frequently Asked Questions

Apply Now

For more information contact Lauri Werner at 515-663-3011 or email cd-ira@fnbames.com

Further information can be obtained through the United States Department of the Treasury website at www.ustreas.gov/offices/public-affairs/hsa

 

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