Health Savings Accounts

A partner in your wellness.

An HSA lets you put money away for future healthcare costs while saving on taxes.  How?  HSAs are never taxed at a federal income tax level when used for qualified medical expenses.  Contributions can come straight out of your paycheck, and your HSA can grow tax-free too.

  • No 'use-it-or-lose it,' keep your HSA forever
  • Create a healthcare emergency safety net
  • Free Debit Card to make qualified purchases
  • Earn interest
  • Tax advantages*
Common qualified medical expenses:
  • Pain relievers
  • Doctor visits
  • Dental cleaning
  • Sleep aids
  • Eyeglasses/contacts
  • Cold/cough medicine
  • Chiropractic care
  • Insulin testing supplies

Contact us to open an account.

*You're eligible to contribute to an HSA when you're covered by certain high deductible health plans (HDHPs).  You can't contribute to an HSA if you have Medicare coverage, or a plan that pays its share of a covered service with you having to pay deductibles or copayments first.  You can only contribute to an HSA when you're enrolled in a qualified high deductible health plan with no other coverage that disqualifies you.  Consult tax advisor regarding tax benefits of an HSA.  

Minimum to earn interest is $.01.  Maintenance fee of $2 per month beginning in month 13.  E-statements are free, paper statements are $2 per month.

First Bank of Manhattan & New Lenox are full-service banks with branches in Will County, Illinois.