Your money, your health.

Increasing health insurance premium costs are motivating employers and consumers to go with high-deductible health insurance plans. As a result, many people are turning to Health Savings Accounts (HSA's) to assist with their additional out-of-pocket expenses.

A Health Savings Account (HSA) is a tax-advantaged account that can be used to pay for current or future qualified medical expenses. HSA's are available to individuals who qualify and have a high deductible health insurance plan.

If you qualify, you can make pre-tax and/or tax deductible contributions into this account, subject to limits, reducing the amount of federal income tax you pay. You can then make tax-free withdrawals to pay for qualified healthcare expenses. This can include deductibles, co-payments, prescriptions, dental care, eye care, etc. For a complete list refer to IRS publication 502 on Medical and Dental Expenses.

The features of this account include:

  • Qualifying contributions are tax deductible.
  • Interest income grows tax-deferred and distributions of income for qualified medical expenses are tax exempt.
  • The money left in the account at the end of the year rolls over into the next year.
  • Free Debit card available for qualifying medical expenses.
  • Personalized FNB Checks.
  • Low monthly fees or no fee with qualifying balance.

Contact us at any of our branch locations to open an account now.

Learn more about Health Savings Account (HSA) at our Online Video Learning Center.