Prepare for medical expenses with ease. A Health Savings Account (HSA) from 1st National Bank keeps you one step ahead of medical expenses. Created for people with high deductible health plans, it allows you to pay for current and future qualified medical expenses with greater ease. HSAs offer fewer restrictions than other plans and even carry over unspent balances year after year. An HSA can be funded by you, your employer, or both. But ultimately, it is owned by you—providing complete control in your healthcare decisions. Health Savings Accounts (HSAs)-at-a-Glance Prepare for current and future qualified medical expenses Created for people with high-deductible health plans who meet the qualifications* Greater personal control over healthcare management and expenses Owned by you No minimum deposit to open Unused funds remain in your account Earn competitive interest on entire balance Health Savings Account Contribution Limits 2016 Individual: $3,350 Family: $6,750 Catch-Up (age 55+): $1,000 2017 Individual: $3,400 Family: $6,750 Catch-Up (age 55+): $1,000 Contact a 1st National Bank personal banker to discuss making a prior year (2016) contribution. *Qualifications Eligible individuals covered under high-deductible health plans may open an HSA and use the money tax-free (including earnings) to pay for qualified medical expenses. In general, you may contribute to an HSA if the following statements are true: I am or will be covered by a qualified High Deductible Health Plan (HDHP) I am not covered under any other health plan that is not compatible with a Health Savings Account I am not enrolled in Medicare I may not be claimed as a dependent on another person’s tax return There are no eligibility restrictions regarding income level, and there is no requirement of earned income to make contributions. Please consult your tax advisor for guidance on your HSA eligibility. Ready to stay one step ahead of your medical expenses? Open a Health Savings Account Today!