Ozark Bank

Health Savings Accounts

A Health Savings Account (HSA) is a tax-exempt account established exclusively for paying for reimbursing qualified medical expenses of you, your spouse, and your dependents.

Who is eligible for this account?

You must be covered under a high-deductible health plan (HDHP);
You cannot be covered by any other health plan including Medicare; and
You cannot be claimed as a dependant on another individual’s tax return.

What is an HDHP?

An HDHP is a plan with an annual deductible no less than the amounts shown below.

HDHP Minimum Annual Deductible
Tax Year	Individual	Family
2012	$1,200	$2,400

Are there other requirements for the HDHP?

Maximum Annual Out-of-Pocket Expenses
Tax Year	Individual	Family
2012	$6,050	$12,100

How much can I contribute to my HSA?

Annual Contribution Limits
Tax Year	Individual	Family
2012	$3,100	$6,250
55+ Additional Catch Up Amount	$1,000

Visit one of our convenient locations for more details.

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Health Savings Accounts

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