HEALTH SAVINGS ACCOUNTS We understand that managing healthcare expenses shouldn’t come with a hefty price tag. That’s why we are excited to introduce our hassle-free GBC Bank Health Savings Account (HSA). An HSA is a tax-exempt spending account that is paired with a High Deductible Health Plan (HDHP). It is used to pay certain quali昀椀ed medical expenses. An HSA is not just a bank account, it’s your passport to a healthier and wealthier future. You get peace of mind knowing you have a dedicated fund for your health needs. Eligibility Requirements for an HSA What you need to open an • You are enrolled in a HDHP HSA at GBC Bank • You are not enrolled in another insurance that is • Valid photo ID (drivers license, passport, state id) not a HDHP • You are not enrolled in Medicare • Social Security Number • You can not be claimed as a dependent on someone else’s return • Birthdate • Mailing and Physical Address - if address does not Bene昀椀ts of an HSA match your photo ID, you will need a piece of mail • You can claim a tax deduction for contributions with your name and current address you make to your HSA • Employer and occupation information • Contributions remain in your account until you use them • Authorized signer information - if you choose • The interest earned on HSA funds are tax free to have an authorized signer, you will need the • Distributions are tax free if used for qualifying following: medical expenses • Valid photo ID • HSAs are portable - they stay with you if you • Social security number change employers and funds can still be used for • Birthdate quali昀椀ed medical expenses even if you no longer • Mailing and physical address have a HDHP • Employer and occupation information HSAs at GBC Bank • Bene昀椀ciary information - must be complete and include the following: • No minimum balance requirement • Name • No monthly maintenance fee • Date of birth • Debit card • Social security number • First box of checks FREE • Address • Online banking available with options for bill pay, • Relationship to you mobile deposit and e-statements • Primary or contingent level and • Automatic contributions can be set up from percentage a GBC Bank account to your HSA | FDIC-Insured - Backed by the full faith and credit of the U.S. Government Equal Housing Lender NMLS #461229