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For when you can't keep the doctor away.

A Health Savings Account (HSA) is a tax-advantage account that can be used to pay for current or future qualified medical expenses. HSA's are available to individuals and families who qualify and have a high deductible health insurance plan.

Benefits of The Peoples Bank Co. HSA:

  • The money left in the account at the end of the year rolls over into the next year
  • You control how you spend your healthcare dollars
  • Personalized PBC Debit Card and Checks (subject to approval)
  • Travels with you if you change jobs
  • Interest income grows tax deferred and distributions of income for qualified medical expenses are tax exempt. 

For a complete list refer to IRS publication 502 on Medical and Dental Expenses

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Checking

Debit Cards

Debit Cards

Mobile Banking

Mobile Banking

Investments

Investments

Bill Pay

Bill Pay

Health Savings Account Limits for 2020

Make sure your health insurance meets deductible limits and other requirements, if you want to save money in a tax-advantaged HSA in 2020.
Over 55 years of age - an extra $1,000 can be contributed annually.
Unlike a FSA, money saved in your HSA carries over from year to year and with an HSA from The Peoples Bank Co. you will earn interest on that savings. 

Medicare is not an eligible insurer.  For more information on HSAs and what qualifies for medical expense distribution CLICK HERE

 

 

 

 

  • We consistently offer some of the best savings and investment interest rates in the area
  • We have the expertise to put your money to work. Most of our Customer Service Representatives (CSRs) have over a decade of banking experience
  • We have some of the lowest minimum balance requirements in the area. You can open a Certificate of Deposit (CD) with only $500
  • We are the largest community bank in Mercer County in local deposit dollars
  • We have been locally owned and operated for over 110 years