Health Savings Account

Take charge of your health care with a Health Savings Account from National Bank.

A Health Savings Account (HSA) is an account established by an individual to pay for medical expenses in conjunction with a high deductible health insurance policy. HSAs allow you to pay for medical expenses on a tax-favored basis. Contributions are tax-deductible and eligible distributions are tax-free.

You control the money in your HSA. You can use it to pay for eligible medical expenses for you or your family tax-free. Money you do not spend can carry forward to future years. You can even use the money penalty-free after age 65 for any purpose you want.

HSAs are offered in conjunction with a high deductible health insurance policy. The high deductible policy provides protection against major medical expenses. The HSA is used to pay for day-to-day medical expenses.

Your HSA works just like a regular checking account. You can either write a check or use your debit card to pay for qualified medical expenses. Statements can be mailed or viewed online, and you'll receive a year-end report for tax purposes. Your account features:

Interest-bearing checking account
FDIC insured
$25 minimum opening deposit
Free Visa® Check Card
No monthly minimum balance requirement
Monthly statements
Checks optional-printing fee varies according to style of checks ordered
Free online account access
Not eligible for overdraft protection - account cannot be overdrafted.

This is a variable rate account. The interest rate and annual percentage yield for all variable rate accounts may change after the account is opened. Account fees could reduce earnings on an account.