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Health Savings Accounts

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A Health Savings Account (HSA) is an account that individuals can set aside money to save for future medical expenses. An HSA is a tax-exempt account established for the purpose of paying medical expenses in conjunction with a High-Deductible Health Plan (HDHP). 

A Health Savings Account from First National Bank combined with a high deductible health plan from your insurance provider can reduce healthcare costs, and provide you with a tax-advantaged, lifetime medical savings account.

If you're ready to open a Health Savings Account, select the "Open Account" button. If you have questions about HSAs, please don't hesitate to contact us. 

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Maximum Contributions



Single HDHP $3,850 $3,650
Family HDHP $7,750 $7,300

HSA contributions for 2022 will need to be made by April 15, 2023. Please make sure you contact the bank for any previous year contributions!

In addition to the contribution limits listed above, an annual HSA 'Catch up Contribution' of $1,000 is available for individuals age 55 and older. If contributions are also being made by your employer, you will need to factor in that amount when making your own contributions.

Once you turn 65 or beginning the month you apply for Medicare, whichever comes first, you are no longer eligible to make contributions to your HSA. If you are turning 65 this year, you may be able to make a prorated contribution. Consult with your tax advisor to determine if you are eligible for a prorated contribution. After turning 65, you are still able to use your HSA to pay for qualifying medical expenses.

Not sure if a High Deductible Health Plan is right for you?

Visiting with your trusted insurance agent or your human resources department is the first place to begin.

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