PrinsBank’s HSA is an interest-bearing account designed to give you more control over healthcare expenses—allowing you to save for current and future qualified medical expenses. You will need to have a qualified High Deductible Healthcare Plan to open this tax–exempt account.
Features and Benefits:
Interest earned on an HSA is tax-free
Withdrawals for qualified medical expenses are tax-exempt
HSA funds will not be lost if not used. Funds are rolled over from year to year
HSA funds will not be lost if you change employers or healthcare plans
Tiered interest rates earn you higher rate for higher balances
$50 minimum opening deposit
Low monthy service charge/maintenance fee
Consult your tax advisor, employer or insurance provider regarding healthcare plan eligibility and tax advice.
To learn more about HSAs, including Frequently Asked Questions, visit the official U.S. Treasury HSA web site at http://www.treasury.gov/resource-center/faqs/Taxes/Pages/Health-Savings-Accounts.aspx.