Health Savings Account
With the soaring cost of health
care a Health Savings Account (HSA) helps you reduce your
costs while offering a comprehensive health insurance plan.
At Anson Bank & Trust, we
want to give our customers every opportunity
to reduce costs and thrive in our community. The new Health
Savings Account (HSA) can help you do just that.
What is an HSA and how does
it work?
An HSA is a savings account that enables
you to save money, tax-free, to cover
medical expenses.
The savings account is held locally
and you can access your
account via a check or debit card to cover qualified
expenses.
The HSA is paired with a high-deductible
health plan, so you can save a significant amount
on premiums and then use the savings
to help fund your HSA. You
can use your HSA dollars to pay your deductible,
while unused dollars grow tax-free and may
be withdrawn upon retirement
and taxed as normal
income.
Annual contributions are limited
to your health plan deductible, up to
a maximum of $2,850 for an individual and
$5,650 for family coverage. Individuals aged 55 and
older can make additional "catch-up" contributions.
| $ .01
- $ 499.99 |
Competitive
market rates of interest tiered to pay premium interest
rates on a higher account balance. |
| $ 500.00 - $ 2,499.99 |
| $ 2,500.00 - $ 4,999.99 |
| $ 5,000.00 - and above |
| $ 15,000.00 - and above |
Benefits:
- Monthly Maintenance Fee: $2.25
- No Charge if
the minimum daily balance of $3,000 is maintained.
- Interest Bearing: Competitive market rates
of interest tiered to pay premium interest rates on
a higher account balance.
- Complimentary Online Banking
- Unlimited In-Network ATM
Transactions **
- 2 Free Non-Network ATM
Transactions ** / statement cycle
- Detailed
Statement with Imaged Checks
- Combined
Accounts Statement
- FDIC Insured
- Save a significant amount on health insurance premiums
- Lower taxable income
- Build reserves for future medical expenses or retirement
- Easy access to funds for qualified expenses
- Deposits held locally
- Take control of your healthcare spending
- ** Other bank surcharges
may apply
About Us:
We are committed to delivering quality
products and services and adhering to a high standard of
customer care. Our Account Executives would be happy to
assist you and discuss your savings options.
When you do business with Anson Bank & Trust
your money provides capital for local businesses, creates
local jobs and improves the quality of life for families.
We want what’s best for our communities, friends
and neighbors … together we are Making a Difference.
|
(Equal
Housing Lender)