Health Savings Accounts (HSA)

High healthcare costs can put a strain on a budget. An MNB Health Savings Account (HSA) helps provide an affordable way of paying for healthcare expenses while allowing you to save for the future at the same time. A $100 minimum deposit opens an account and you can access your HSA with a debit card or checks and manage your account with Online Banking and Mobile Banking. Your HSA offers a triple tax benefit*:

1. Contributions are excluded from income for tax purposes;


2. Earnings on the account are not taxable; and


3. Taxes are not paid upon withdrawal of funds, as long as they're used for an eligible expense. Unused money rolls over from year to year - there's no "use it or lose it" policy, plus your account is portable, so if you change jobs you can continue using the same account. If you're 55 or older, you can make catch-up contributions so you can save valuable healthcare funds more quickly.

Features

• Minimum opening deposit of $100
• $3 monthly fee
• Easy payment options for your medical expenses:
  • Use your MNB MasterCard® debit card.
  • Set up payees (doctor’s office, pharmacy, etc.) for Online Bill Payment.
  • Use your HSA checks to pay providers or reimburse yourself from your HSA or leave funds in the HSA to allow your balance to grow.
• Insured by the FDIC up to $250,000**

Get Started Now

• Talk to a Personal Banker at 877-647-5050
• Visit any MNB banking center to open your HSA today
• Schedule a meeting

Visit www.irs.gov for complete rules including High Deductible Health Plan qualifications and contribution limits.

*MidAmerica National Bank does not provide tax or accounting advice. Please consult an accountant or tax advisor for professional advice in these areas.

**By federal law, as of 1/1/2013, funds in a noninterest-bearing transaction account (including an IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category. For more information visit www.fdic.gov.