• What are Health Savings Accounts?
• Health Savings Accounts, or HSAs, were created to combat rising medical costs by providing an incentive for more consumers to pay "first-dollar" medical expenses. HSAs are accounts that are designed exclusively for covering medical expenses incurred by the HSA account beneficiary and his or her dependants

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• Who is eligible for an HSA?
• You are an eligible individual for any month if you:
• Are covered under an HDHP on the first day of such month;
• Are not also covered by any other health plan that is not an HDHP;
• Are not enrolled for benefits under Medicare (generally not yet age 65); and
• Are not able to be claimed as a dependent on another persons tax return.

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• Establishing an HSA
• Purchase a qualifying high deductible health plan. The higher deductible, lower the premium, thus keeping more money in your own pocket.
• Establish an HSA account with a qualified HSA custodian
• Set aside up to 100% of your health insurance deductible into the HSA up to the legal limits
• Use the money in your HSA account to pay for qualified medical expenses taken as you incur them, if you wish.

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• HSA Benefits - Qualified Medical Expenses
• Actual Medical expenses, including doctor visits, prescriptions, transportation to get medical care, and dental care
• Long Term care insurance
• Healthcare coverage when unemployed
• Certain continuation-of-benefit healthcare coverage; and
• Certain health insurance after age 65

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• HSA Benefits - Tax Benefits
• Contributions to HSA may be 100% deductible
• Interest Earnings accumulate tax-deferred, and if used for qualified medical expenses, are tax-free.
• If used for qualified medical expenses, HSA assets are not taxed.
• Unused HSA assets may be used for retirement; and
• Year-end account balances stay in your HSA account to be used for future years medical expenses.

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• HSA's Help you save Tax Deferred
• You obtain coverage under a qualified health insurance plan with a minimum deductible of $1,000 for singles, and $2,000 for families.
• Each year you are allowed to save 100% of the health plans annual deductible, up to $2,650 for singles and $5,250 for families in 2005.
• You use the savings account to pay for lower-dollar medical expenses, or those that are not covered by the health plan.
• Once you meet the deductible, the health insurance covers your medical expenses as defined in the policy.

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• Nebraska National Bank HSAs
• No Set-Up Fee
• Unlimited Withdrawals
• Free Checks Provided
• All balances in account earn interest at the current Money Market Account rate
• Rollover Funds are Accepted
• IRS Reporting
• Annual Fee $15.00
• Termination Fee $25.00
• Click here to view HSA Rates
(Terms subject to change with 30 day notice)

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• HSA Benefits Diagram

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