HSA

HSAs are the latest news in affordable healthcare. Anyone who has a High Deductable Health Plan (HDHP) is eligible for an HSA, regardless of age or income bracket. Maximize your health care dollars with a Health Savings Account from NBT Bank and enjoy the following convenient features:

FEATURE DESCRIPTION
Minimum to open None
Monthly minimum balance required None
Interest-bearing checking Yes
Debit card Free HSA debit card for easy account access*
Checks Free (Limited to special design checks, that
include a supply of deposit tickets)
Monthly maintenance fee $2.50
Online Banker Free NBT Banker Online Access and $4.50 for
Bill Pay**
Set-up fee One-time fee of $35
Monthly statement Portfolio statement that will detail the Health Savings Account and other NBT Bank accounts
you may have.
Easy Account Access 24 hour access through our NBT Banker Line
(1-800-NBT-BANK).

Consult your tax advisor regarding the deductibility of HSA contributions and charges.
*No monthly usage or point-of-sale fees.
** A primary checking account attached to NBT Online Banker is required to have your Health Savings Account tied for Online Banker Access and/or Bill Pay.

HSA
Easy payment and account
access with your
Health Savings Account Card.


Did you know?

  • HSA contributions may come from pre-tax income.
  • Withdrawals from your HSA are used to pay for qualified medical expenses.
  • HSA balances carry over from year to year, building savings for medical needs over time.
  • Your accumulating HSA balance gains tax-free interest until retirement at age 65. You may withdraw funds upon retirement and pay only normal income taxes.
  • An HSA is owned by an individual, not a company or your employer. It does not terminate when employment ends. It is yours.
  • HSA funds can eventually be used to pay for elder care or long-term care. You can even use HSA funds to purchase long-term care insurance, tax-free.


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