Questions? 800-964-3444, www.efirstbank.com

FirstBank Health Savings Account

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What is it?

Be prepared for any health-related expenses with a Health Savings Account, a great way to manage medical costs.

Open your Health Savings Account at any of our convenient locations.   

What do I get?

  • Free Internet Banking with eStatements
  • Free Mobile Banking*
  • Free Alerts*
  • Free Bill Pay**
  • A Visa Check Card
  • 24/7 Live Call Center
 

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Health Savings Accounts, or HSAs, are tax–favored consumer savings arrangements for individuals and families covered by high deductible health plans (HDHPs).

An HSA is an IRA–like account that is designed exclusively for covering medical expenses incurred by the HSA owner, the HSA owner’s spouse and his or her dependents.

  • HSA contributions (by the HSA owner are) excluded from taxable income.
  • HSA earnings are tax-deferred.
  • If used for qualified medical expenses, HSA assets are never taxed.
 

Annual Fee

$25.00

 

Tax Benefits

  • HSA assets may be used without penalty for retirement once the HSA owner turns age 65. If not used for medical expenses, however, they will be subject to income taxes.
  • Upon death, HSA assets become the property of a named death beneficiary, or of the HSA owner's estate. A spouse may treat the assets as his or her own HSA, while non-spouse death beneficiaries must treat such assets as ordinary taxable income.
 

Interest Rates:***

Loading Rates

 

Benefits****

  • Great interest rate.
  • Unlimited check writing.
  • Visa HSA Card and ATM access.
 

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Open an account today by visiting any FirstBank location.

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  • *While there is no fee from FirstBank, connectivity and usage rates may apply. Contact your wireless service provider for more details.
  • **If you sign up for the Optional Bill Pay service and less than three bill payments are made per month, a $5 inactivity fee will be assessed.
  • ***The interest rates are effective from Wednesday or the first business day of the month to the following Tuesday or first business day of the month. The interest rate and APY may change every Wednesday and on the first business day of each month. These rates apply only to Colorado accounts. Fees can reduce earnings on the account.
  • ****Health Savings Accounts are charged an annual fee.
 
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