Health Savings Account
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What is an HSA?
A Health Savings Account (HSA) is a tax-exempt account that is used exclusively for the payment of qualifying medical expenses.
Health care is the number one issue facing many individuals and families in the United States. An HSA from First National Bank offers eligible individuals who participate in a high-deductible health plan, an affordable alternative to the rising costs of health care.
High Deductible Health Plan (HDHP) is a plan with a minimum deductible and a maximum out-of pocket expense, both of which are shown below.
| | Min. Annual Deductible | Max. Out-Of-Pocket Expense |
| Single-Only Coverage | $1,200 | $5,950 |
| Family Coverage | $2,400 | $11,900 |
The HSA offers individuals and families many benefits, including the ability to keep the money in your account and save towards retirement. Here are some great reasons to open a Health Savings Account with First National Bank:
- Tax Savings
- Tiered interest rates
- Interest paid monthly
- Free Checks
- Debit card available
- Long Term Savings
Visit with one of our knowledgeable Personal Bankers today for more information.