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We Now Offer Health Savings Accounts! <br /> ,wAmm= Premier <br /> NMIZ Banks <br /> Ilonesty.Integrity.Responsiveness <br /> What are Health Savings Accounts (HSAs)? <br /> HSAs are an alternative to traditional health insurance. These accounts <br /> can be used to battle rising medical costs,Health Savings Accounts <br /> (HSAs) are IRA-like,tax-exempt accounts in which you accumulate <br /> savings to pay for medical expenses. HSAs allow you to have lower <br /> insurance premiums (through affordable high deductible health plans) <br /> while actually decreasing your out-of-pocket medical expenses. Your <br /> HSA can be used to cover small and routine medical expenses until your <br /> deductible is met. <br /> Who is eligible for an HSA? <br /> Individuals covered by HDHPs (high deductible health plans) who are <br /> below Medicare eligibility age and who are not covered by any additional <br /> health plans. You cannot be listed as a dependant on someone else's tax <br /> return. Ask a Premier Banks employee about how you can obtain a High <br /> Deductible Health Plan. <br /> How can you benefit? <br /> HSA contributions by employer or employee are 100% tax deductible. <br /> If used for qualified medical expenses,HSA assets are never taxed. <br /> • Unused HSA assets may be used for retirement,however,they will be <br /> subject to a 10% penalty if withdrawn before the HSA beneficiary <br /> turns 65 years of age. Assets withdrawn for non-medical reasons will <br /> - be subject to income taxes. <br /> You own and control the money in your HSA. Decisions on how to <br /> spend the money are made by you without relying on a third party or a <br /> health insurer. <br /> Tax-free withdrawals to pay medical expenses covered under the <br /> HDHP policy,in addition to tax-free withdrawals for many medical <br /> 4' services not covered by insurance such as dental,braces,vision, <br /> hearing aids and alternative medicines. <br /> Your funds grow in your account,tax deferred and you can make <br /> withdrawals penalty free at age 65. <br /> Your funds are portable and remain with you even if you switch jobs <br /> are unemployed,move,have a change in marital status or obtain future <br /> medical coverage. <br /> • You decide what types of investments to make with the money in the <br /> account in order to make it grow. <br /> Are HSAs right for you? <br /> Come into any Premier Banks location to find out if a Health Savings <br /> Account is right for you. Start controlling your health care costs today! <br /> For more information on HSAs,call us at (651) 777-7700. <br /> MEMBER Check out our website at www.premierbanks.com. <br /> FDIC LENDER <br />