Jones National Bank & Trust Co.

Health Savings Account

Take advantage of your healthcare dollars with Jones National Bank's Health Savings Account! (HSA)

Health Savings Account Features

Who qualifies for a Health Savings Account?

Benefits of a Health Savings Account

Apply Now! (Adobe Reader Needed)

Health Savings Account Features

One Time Opening Fee of $20.00
Minimum Deposit of $25.00
No monthly fee on balances $500 and over, $2.00 monthly fee on balances less than $500
Variable interest rate
Unlimited check writing
Free Jones National Bank & Trust Company Visa ® Debit Card (upon approval)
Personalized Checks, First order of 50 are free
Free monthly statement which includes free Jones check images
Free Online Advantage—24-Hour Internet Banking
Free Phone Advantage—24-Hour Phone Service

Who Qualifies for a Health Savings Account?

2007 High Deductible Health Plan Qualifications
	Self only coverage	Family coverage
Deductible	$1,100 or more	$2,200 or more
Out-of-pocket Expense limit	$5,500	$11,000

You can make contributions to your HSA during any month that you:

are covered under a high deductible health plan on the first day of that month;
are not covered by any other health plan that is not a high deductible health plan (with limited exceptions);
are not entitled to benefits under Medicare (generally not yet age 65);
are not able to be claimed as a dependent on another person's tax return.

Contribution limits
Tax Year	Standard limit		Catch-up contribution amount*
	Self only	Family
2007	$2,850	$5,650	$800

*If you are age 55 and older before the close of a taxable year, and under age 65,
you may also contribute an additional amount called a “catch-up” contribution.

What are the benefits of a Health Savings Account?

Tax Free Benefits

HSA's allow you to make contributions and earn interest tax free and your distributions are tax free as long as they are used for qualified medical expenses.

Flexibility in Spending

You can use your Health Savings Account to help pay for any qualified medical expenses. These can include health insurance deductibles and co-payments to certain over-the-counter medications as well as out-of-pocket expenses.

Year-to-Year Savings

Health Savings Accounts are not a "use it or lose it" account. The balance of your HSA will roll over from year to year. This will allow you to budget for your health expenses and build up your savings to cover qualified medical expenses when the need arises.

Individual Ownership

You own your HSA, not your employer. It does not matter what job you have, whether or not your employer makes contributions, or if you are moving to a new job. Your HSA will always be with you.

Contribution Options

Your employer may choose to make contributions to employee Health Savings Accounts as an added benefit to you.

To Apply

Print the application and mail it to us or bring it in along with your opening deposit.

Before You Apply

We recommend that you consult your tax advisor regarding the benefits of an HSA. Contributions are subject to IRS rules. You are responsible for making sure the distributions from your HSA are made according to IRS rules.