With a Health Savings Account (HSA), you can manage your own health care savings and enjoy the freedom of securing a healthy future. With a HSA, you will never be unprepared. Now you can make your own choices while enjoying the benefit of lower premiums and tax advantages.

Your Health. Your Decision.

A Health Savings Account (HSA) is a savings product that enables you to pay for current medical expenses such as doctors visits and prescriptions. Additionally, you can save for future medical expenses tax-free.* A Health Savings Account is designed to accompany a High Deductible Health Plan (HDHP). These plans generally cost less than traditional health plans, and the money saved on health insurance can easily be contributed or deposited to the HSA. The use of an HSA is placed solely on you, without a third party or health insurer.

Benefits of controlling your health care future.
Along with controlling your health care costs, an HSA also provides several benefits along with the reliability you’ve come to expect from our bank:

—Tax advantages: All personal contributions are tax deductible and any interest earned on your HSA is tax-deferred. In addition, withdrawals made to pay for qualified expenses are tax-free.*

—Portability: Your HSA is fully portable. Regardless of changes in your employment status, location, medical coverage, marital status or residence, your funds stay with you.

—Balance Carry Over: Funds in an HSA carry over from year to year. Any unused portions from one year will automatically carry over into the next.

Free with 'your Health Savings Account:
— HSA Visa CheckCard to quickly and easily apply your HSA funds to qualified medical expenses
—No minimum balance requirement for this tiered interest-bearing account.
—There is an initial set up fee of $20 which will be deducted from your initial contribution. You will be able to deduct the entire amount of your contribution at tax filing time.
—FREE online banking and phone banking, providing 24-hour access to your account information.

Frequently Asked Questions

Enrollment in an eligible high-deductible health plan is required to establish a Health Savings Account (HSA). Contribution eligibility based on IRS rules. Consult your tax or legal advisor. National Penn accepts no responsibility for certifying distributions from your HSA.

For specific information, please consult your tax or legal professional. You may also obtain more information by logging onto the IRS Web site at www.irs.gov

• Learn more about the KNBT HSA through our Frequently Asked Questions