Take control of your health savings and be prepared for future medical expenses with an HSA from New Peoples Bank.
This account, in addition to a qualifying High Deductible Health Plan (HDHP), allows you to take control of your health care savings. A Health Savings Account may help you pay for qualified medical expenses such as co-payments, some over-the-counter medications prescribed by a physician, and even your health insurance deductible. Your HSA balance continues to roll over from year to year, allowing you to budget your health expenses and save to cover other medical expenses if required. Contributions and interest earned are tax-free, but are subject to yearly contribution limits. An HSA is portable. It belongs to you, not your employer, although your employer may choose to contribute to your HSA.
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