Individual Choices for Individual Healthcare

By establishing a Health Savings Account (HSA) - in conjunction with a high-deductible health plan - you're taking healthcare savings back into your own hands. A Health Savings Account offers the following benefits:

Tax-Free Benefits

HSAs not only allow you to make contributions and earn interest tax free, but your distributions are also tax free as long as they're used for qualified medical expenses.

Flexibility in Spending

Your Health Savings Account may help you pay for any qualified medical expense - from health insurance deductibles and co-payments to certain over-the-counter medications and out-of-pocket expenses.

Year-to-Year Savings

You've heard the phrase, "Use it or lose it." Well, HSA isn't like that at all. Your HSA balance will roll over from year to year, allowing you to budget for your health expenses and build up your savings to cover qualified medical expenses when the need arises.

Individual Ownership

An HSA is owned by each individual, not their employer. So, it doesn't matter which job you have, whether or not your employer makes contributions, or if you are moving to a new job - your HSA will always be with you.

Contribution Options

Although this is an individual account and goes with you from career to career, your employer may choose to make contributions to employee Health Savings Account as an added benefit to you.

Yearly contributions are limited to the high-deductible health plan's annual deductible, subject to a cap of $2,900 for individuals and $5,800 for families; but individuals age 55-64 can make additional yearly contributions to help save for the future.

How Health Savings Accounts compare with other medical savings plans...

Sign Up Today...

Get started today by downloading the PNB HSA form. Click the link below, and when the form opens in your web browser, click your browser's Print button. Fill out the printed version and bring it in to your local PNB location.
 
Download the HSA Form