Your Health, Our Health Savings Accounts
First State Bank has been
helping businesses and families manage their finances for more than 90 years.
After all . . .
we’re your hometown bank and we care about you. That’s why we offer Health
Savings Accounts (HSAs).
Health Savings Accounts (HSAs) are
designed to help you save money to pay current or future medical expenses
for yourself, your spouse, and your dependents if you are covered by high
deductible health plan (HDHP). HSAs can provide you with significant
tax benefits related to paying qualified medical expenses and additional
income for your retirement.
A HDHP is a health insurance
plan that offers lower premiums in exchange for higher deductibles.
A plan must meet both of the following dollar limits to be a HDHP.
|
2007 and 2008 HDHP Limits
|
|
|
Individual Coverage
|
Family Coverage
|
|
Annual Deductible
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$1,100 or more
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$2,200 or more
|
|
Out-of-pocket expense
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2007: $5,500 or less
2008: $5,600
|
2007: $11,000 or less
2008: $11,200
|
Our comprehensive HSA gives you the tools and
resources needed to manage your account
- Tiered interest that rewards increasing balances
- No minimum balance requirements
- No monthly service or per-check charges
- Free return of check images
- Free MasterCard® CheckCard
- Low minimum initial deposit of $50
- Free 24-hour online banking and bill pay
- Free 24-hour automated telephone access
- Peace of mind with FDIC insurance
First State Bank understands Health Savings Accounts. We promise to deliver
the service you’ll need to help you manage all HSA activity. We’re
here to help you save for your health.
For more information,
stop by your First State Bank branch office or call 866-372-1275 |
