A Health Savings Account (HSA) is an
affordable alternative for your health care. HSAs are used in
conjunction with a "High Deductible Health Plan" which
helps individuals and businesses obtain health coverage at a more
affordable cost.
We can help with your Health Savings Account
needs. Our personal bankers have the expertise to help set up
accounts for individuals and/or employees of a business. Call us
751-2430 and ask for more Health Savings Account information.
|
|
- Contributions by an employer are not taxable as
income or wages to the employee and can be used as a
deduction by the employer.
|
- Contributions by the employer may limit individual
contributions but don't eliminate them.
|
- There are several flexible plans to consider that
could fit individual businesses.
|
- Businesses do not have paperwork and funding issues
if an employee leaves - the Health Savings Account is
owned by the individual and goes with them.
|
|
2007
Contribution limits
|
2008
Contribution limits
|
Individuals age 55 and greater qualify for Catch Up Contributions
-
2007
- $800
-
2008
- $900
-
2009
- $1000
|
|
First National Bank Bemidji's Health Savings Account is
a checking account with interest paid monthly
on a collected balance. Check our Current
Rates. There is a set up fee of $10 for each HSA
account. |
| A HSA Debit
Card is available for your convenience along with printed checks. |
|
Statements are provided semi-annually. HSA account
activity may be monitored by using 1st Net Connection
or 1st Telebanc
at any time. |
| Call 751-2430
for an appointment to learn more about Health Savings
Accounts. Our
professionals will provide more HSA details that apply to
each individual's health care needs. |
