Health Savings Account (HSA)

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.


Summary

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

Optional Services

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.