Health Savings Account (HSA)
Are you in control of your Health Savings?
Do you have a qualified High Deductible Health Plan and looking to take full advantage of your benefits? Open a Health Savings
Account with Peoples National Bank to access tax-free savings for qualified current and future medical expenses.
Benefits of an HSA include:
- Funds roll over year after year if you don't use them and the interest is tax-free*
- Flexibility to shop for medical services; this way you can make more informed decisions
- HSA funds are yours when you change jobs or retire, you are the owner of the account
- After age 65, HSA funds can be used for any purpose without penalty (only income tax is assessed)—including as a retirement option
Health Savings Account Features
- Competitive interest on tiered balances
- No monthly service fee
- No minimum balance requirements
- Unlimited check writing and deposits
- Quarterly eStatement or paper statement
- No minimum deposit to open
- Certificate of Deposit options for excess funds
- Free online banking & bill pay**
- Free mobile banking
- Free Direct Connect Telephone Banking
- Free Visa® debit card
For limits and qualifications visit www.irs.gov
*Consult a tax advisor.
**A $5.00 inactivity fee will be charged to your account if you do not pay at least one bill during the month. The inactivity fee is
waived the first 3 months after enrolling for bill pay.