- The account that helps individuals and families with High Deductible
Health Plans save money for healthcare expenses.
- HSA's were established to provide people covered by a high
deductible health plan(HDHP) with a tax-free way to save for current
and future healthcare expenses.
Eligibility Requirements
- You must be covered by a health plan with
a minimum deductible of $1,100 for individuals or $2,200 for families.
(2007 amounts)
- Your annual out of pocket expenses cannot
exceed $5,500 for individuals or $11,000 for families. (2007
amounts)
- You cannot have any other "first-dollar"
medical coverage.
- You cannot be enrolled in Medicare.
- You cannot be claimed as a dependent on someone
else's tax return.
Carlinville National Bank HSA Features
- Minimal setup fee
- No minimum balance required
- No monthly service fees
- No annual fee for account balances of $5,000 or more
- Free Checks (first 50)
- Free monthly statements
- Free Mastermoney ATM/Debit Card.
- Individual and employer direct deposit contributions and electronic
transfers
- Competitive interest rates
- Online Banking access to review account activity
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