HSA

HSAs are the latest news in affordable health care. Anyone who has a High-Deductible Health Plan (HDHP) is eligible for an HSA, regardless of age or income bracket. Maximize your health care dollars with a Health Savings Account from NBT Bank and enjoy the following convenient features:

FEATURE DESCRIPTION
Minimum to open None
Monthly minimum balance required None
Interest-bearing checking Yes
Debit card Free HSA debit card for easy account access*
Checks Free (Limited to special design checks, that
include a supply of deposit tickets)
Monthly maintenance fee $2.50
Online Banker Free NBT Banker Online Access and $4.50 for
Bill Pay**
Set-up fee One-time fee of $35
Monthly statement Portfolio statement that will detail the Health Savings Account and other NBT Bank accounts you may have.
Easy Account Access 24-hour access through our NBT Banker Line
(1-800-NBT-BANK)
Investment Option —
HSA Certificate of Deposit
Invest unused dollars from your Health Savings Account
  • Terms: Range from 12 months to 60 months
  • Minimum to open $1,000
  • Additional desposits allowed — one time annually

Consult your tax advisor regarding the deductibility of HSA contributions and charges.
* No monthly usage or point-of-sale fees.
** A primary checking account attached to NBT Online Banker is required to have your Health Savings Account tied for Online Banker Access and/or Bill Pay.

HSA
Easy payment and account
access with your
Health Savings Account Card.


Did you know?

  • HSA contributions may come from pre-tax income.
  • Withdrawals from your HSA are used to pay for qualified medical expenses.
  • HSA balances carry over from year to year, building savings for medical needs over time.
  • Your accumulating HSA balance gains tax-free interest until retirement at age 65. You may withdraw funds upon retirement and pay only normal income taxes.
  • An HSA is owned by an individual, not a company or your employer. It does not terminate when employment ends. It is yours.
  • HSA funds can eventually be used to pay for elder care or long-term care. You can even use HSA funds to purchase long-term care insurance, tax-free.


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