Health Savings Accounts

Enjoy the convenience and security of a tax-deductible savings plan that helps you pay for future health care expenses. With a Health Savings Account (HSA), you can now make deductions directly from your pay check before tax deductions are assessed, effectively reducing your net income and tax liability. Unlike flexible spending accounts, HSAs grow, and you will never lose your investment at the end of each calendar year.

HSAs also enable you to access your funds in real time. With traditional health plans, you typically have to pay your required copay/deductible at the time of your medical visit. And with flexible spending accounts, you must follow numerous guidelines and file health care expense claim forms to access your funds or receive reimbursement. Well, with HSAs you can say goodbye to all of those administrative liabilities. Consider the numerous benefits of having a County Bank HSA:

• Real-time access to funds through the convenience of a debit card
• Reduces the twice out-of-pocket penalty (a payroll deduction plus an out-of-pocket cost)
• Eliminates paperwork–no more claim forms
• Contributions are tax-deductible
• Earnings are tax-deferred
• Funds are used for qualified medical expenses and are tax-free

And County Bank offers two choices when it comes to HSAs–one is sure to be right for you!

HSA Checking

When you need frequent and convenient access to your benefit funds, HSA Checking provides the option of using a debit card or checks to easily pay for your qualified medical expenses.

• Opening minimum balance-$100
• One time set-up fee-$20
• Monthly service fee-$3
• Check writing-$0.50 per check after 3 per monthly statement cycle
• PlasticMoney_sm Card-debit card for point-of-sale purchases
• First package of County Bank HSA design checks are free of charge
• Tiered interest on balance

HSA Money Market

When your HSA balance grows, or if you plan to make a one-time rollover, then the HSA Money Market is there for you. To invest in this account, consider the following:

• Opening minimum balance-$10,000
• One time set-up fee-$20
• Monthly service fee-$3
• Up to 6 withdrawals per month with no more than three by check
• Tiered interest based on balance

To learn more about how HSAs can benefit you, visit our HSA Service Center. Once there, you can use the HSA Planner tool, which helps determine if you are HSA eligible. And if you are eligible, you can learn more about your allowable contributions and the potential value of your HSA funds in the future.

Log on today and discover more about HSAs!