Savings
First Health Savings
Our First Health Savings Account (HSA) is a tax-advantaged account that can
be established by eligible individuals covered under a high-deductible health
plan to save and pay for qualified medical expenses. Examples of qualified
expenses include co-pays, hospital visits, prescription and certain non-prescription
drugs, and some insurance premiums such as long-term care insurance.
Contributions made on your behalf are fully tax-deductible, earnings are
tax-deferred and distributions used to pay for qualified medical expenses
are tax-free, regardless of your income.*
A key benefit of a First Health Saving Account is that the contributions
you make belong to you with no spending deadline. All unused
contributions stay in your account, earning tax-deferred interest.
Features of First Health Savings:
- No annual fees.
- $25 one-time set-up fee.
- FREE first order of custom-image checks.
- $100 minimum deposit to open the account.
- No monthly fee with $2,500 minimum daily balance.
- FREE Visa®
Check Card and unlimited check writing.
- Access to over 957,000 PLUS System or NETS ATMs.
- FREE Online
Banking for viewing your account information.
- eStatements
- free online statements, no more paper!
Apply
Now for a First Health Savings account - it's fast, safe
and easy! Or, visit the branch
nearest you to open an account. Please see terms
and disclosures for additional information about rates, fees, and other
costs.
* Consult your tax advisor regarding the tax advantages of
a health savings account.
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