Account Options

First American Bank HSA and HSA Plus Account

A Health Savings Account (HSA) from First American Bank is a great way to save for your health care deductible, while taking advantage of tax savings. First American offers two types of HSA accounts:
HSA and HSA Plus.

 
Minimum Balance
Monthly Fee
Earns Interest
Features
HSA
Apply Now

$0

$0

Yes, pays competitive interest rates

- Free MasterCard® debit card
- Free Mobile Banking
- Free Online Banking and Bill Payment
- Preprinted checks for a minimal fee (Optional)
- Free e-Statements
- View disclosure

HSA Plus
Apply Now

$0

$4

Yes, pays competitive interest rates

- Invest a portion of your HSA in a selected group of
  mutual funds*
- Free Mobile Banking
- Free Online Banking and Bill Payment
- Free e-Statements
- Free MasterCard® debit card
- View disclosure

Disclaimer:
*Investors should carefully read the Fund prospectus, which includes information on the Fund's investment objectives, risk, as well as charges and expenses along with other information before investing or sending money.  Funds in the investment portion of your Health SavingsPLUS account are not FDIC insured, May Lose Value and are Not Bank Guaranteed.

Neither First American Bank nor its subsidiaries (collectively "First American Bank") are registered investment advisors nor is First American Bank acting in the capacity of a registered investment advisor with respect to the offering of Health Savings Account ("HSA") investment options.  Participation in the investment options is voluntary.  Under no circumstances is First American Bank offering any of the HSA investment options and makes no representations with respect to the investment options offered.

First American Bank disclaims any and all liability, contingent or otherwise, for the performance of the investment options. Please see your financial advisor for personal investment advice.

Contribution Limits

Limits
Single
Family

Minimum Deductible

2013/14:
$1,250

2013/14:
$2,500

Maximum  Out-of-Pocket

2013: $6,250
2014: $6,350

2013: $12,500
2014: $12,700

Contribution Limit

2013: $3,250
2014: $3,300

2013: $6,450
2014: $6,550

Catch-up Contribution (55 or older)

2013/14:
$1,000

2013/14:
$1,000


 

 

 

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