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Woman on phone - HSA

Health Savings Account (HSA)

Individuals and families covered under a high-deductible health plan can deposit pre-tax money into a Health Savings Account, and use it to pay for doctor’s visits, eyeglasses or other qualified medical expenses, tax-free.1

Qualified medical expenses2 include expenses incurred on behalf of the HSA owner, spouse, or dependent after an HSA has been established. The expenses cannot be covered by any health plan and must be paid by the HSA owner, spouse or dependent. 

To qualify for an HSA account, the individual must be covered by a High Deductible Health Plan (HDHP), which satisfies both annual deductible and an out-of-pocket expense requirement. HSA accounts are generally not covered by any health plan that is not an HDHP, and HSAs do not cover individuals enrolled in Medicare or who are claimed as dependents on another person's income tax.

Account Summary

  • No set-up fee
  • No minimum daily balance
  • No monthly maintenance fee with a First National Checking account, or $3.00
  • Free bank logo checks
  • Optional Visa® Debit Card3 for added expense purchasing power

Health Savings Rates4

Guide To Your Savings Account (PDF)

View Deposit Agreement (PDF)

1 Consult your tax advisor regarding the tax advantages of a Health Savings Account.

2 If an HSA distribution is not used for a Qualified Medical Expense, the distribution amount will be included in income and a 20% penalty will be assessed. This penalty is waived upon death, disability or attaining age 65.

3 Available on First National Bank checking accounts only. Subject to qualifications.

4 Deposit rates may change daily. Fees may reduce earnings.