Health Savings Accounts
Your health is a top priority, but staying healthy can be expensive. Doctor's bills, expensive prescriptions -- it can all add up. Start saving now so you'll be prepared for unexpected medical expenses with a Health Savings Account from FBC.
With an HSA, your contributions are tax deductible and your withdrawals for qualified medical expenses are tax-free. Plus, you can earn interest on your funds until you need them, with no setup fees or balance requirements.
Make sure you're prepared for future medical expenses and open an HSA today.
- Summary
- Tiered interest rates
- Use it on any approved medical expenses
- No set-up fees or balance requirements
- Balance can be carried over year to year
- Interest credited monthly
- Unlimited check writing
- Free check safekeeping available
- Overdraft Privilege Program does not apply
- $100 initial opening deposit
- HSA Debit card available*
- From age 55 and 65, additional catch-up contributions are allowed
- Free Online Banking with Bill Pay
- Free online statements available
- Contributions may be tax-deductible (consult your tax advisor)
*ATM transactions: 50¢ for each TYME/Pulse terminal transaction, and $2 for each non-TYME/Pulse terminal and international transaction. Other fees may apply.
- Eligibility
In order to qualify for an HSA at First Banking Center you must meet ALL of the following:
- You are covered under a high-deductible health plan (HDHP)
- You do not have additional coverage by any other health plan that is not an HDHP
- You are not enrolled in Medicare
- You cannot be claimed as a dependent on another person's tax return
