Are you thinking about opening a Health Savings Account (HSA) with VCNB?  Time is drawing near if you want your contributions to count toward the 2013 tax year.

An HSA is beneficial to families and individuals with high deductible insurance plans who want to save money for qualified medical expenses. To be eligible for an HSA in 2014 you must have an annual deductible of at least $1,250 for an individual or $2,500 for a family

Contributions to an HSA are tax deductible and withdrawals to pay qualified medical expenses are never taxed.  The money you deposit into your HSA rolls over from year to year and can be used only for approved medical, vision and dental expenses.

April 15, 2014 is the deadline for contributions to count toward the 2013 tax year.

An HSA at VCNB features free checks with unlimited check writing, a debit card, a monthly statement, online access and interest checking with tiered rates. There is a monthly service charge of $3 and an initial set-up fee of $25. However, if you open an HSA now through March 31, 2014 you can find a coupon here. This coupon can be used to waive the initial set-up fee.

Do you believe an HSA is right for you? At VCNB we have account representatives who can talk to you about eligibility requirements and to help you get started! Call your local branch or 1-800-542-5004 to talk with one of our knowledgeable account representatives.

Member FDIC.