Prepare for health-related expenses
We are an independent community bank and believe the money you earn should belong to you. That’s why we offer the Health Savings Account. You can have peace of mind knowing you are prepared for health-related expenses.
The Health Savings Account requires a minimum deposit of $100.00 and is an interest bearing account.
Fees: There will be a monthly maintenance fee of $1.00 each statement cycle if the average collected daily balance in the account falls below $100.00 during a given cycle.
Fees may reduce earnings.
*Must be of legal age to contract to open a deposit account.
**Contributions and withdrawals should be made in compliance with IRS Publication 969. TFNB will not monitor activity, guaranty legal status of, or give advice concerning the use of the Health Savings Account.
Requirements to Earn Benefits:
- Must be covered in an HDHP health plan
- May not be covered by a non-HDHP health plan
- May not be entitled to Medicare
- Cannot be claimed as a dependent on another’s tax return
To qualify for an HSA, an individual must meet the following requirements: Must be covered under HDHP (High-Deductible Health Plan), may not be covered under any other non-HDHP health plan, may not be entitled to Medicare benefits, and cannot be claimed as a dependent on another person’s return.
