Is A Health Savings Account (HSA) For You?

An HSA is a tax-exempt account established to help pay medical expenses in conjunction with a high-deductible health care plan (HDHP).

An HSA can help you save for future health and retirement needs. Although an HSA is primarily used to pay health care expenses on a tax-preferred basis, it can also be used to accumulate retirement savings – also on a tax-preferred basis. Much like an individual retirement account, unused deposits roll over each year and grow tax-preferred through investment earnings.

To better understand the ins-and-outs of HSAs, read our FAQs.



To open an HSA and make tax-fee contributions, you:
  • Must have a high-deductible health insurance plan
  • Cannot be covered by another non high-deductible health plan
  • Cannot be enrolled in Medicare
  • May not be claimed as a dependent on another person’s tax return
National Bank Of Kansas City’s HSA account offers competitive, tiered interest rates as well as:
  • Free debit card
  • Free online banking
  • No monthly fee if balance is above $5,000
  • Direct deposit without having an NBKC primary checking account

2013 Contribution & Deduction Limits

2013 REQUIREMENTS
HEALTH PLAN SINGLE FAMILY
Minimum deductible $1,250 $2,500
Out-of-pocket max $6,250 $12,500
Maximum contribution $3,250 $6,450
$1,000 additional catch-up contribution allowed for those age 55 and older.

2014 Contribution & Deduction Limits
2014 REQUIREMENTS
HEALTH PLAN SINGLE FAMILY
Minimum deductible $1,250 $2,500
Out-of-pocket max $6,350 $12,700
Maximum contribution $3,300 $6,550
$1,000 additional catch-up contribution allowed for those age 55 and older.

Open your account today:

Paper checks are available for $15. Account has a $15 set-up fee. Set-up fee subject to change at any time. $2 monthly fee if balance falls under $5,000.