Health Savings Account

Guaranty Bank is pleased to introduce our Health Savings Account (HSA). An HSA is an account that you can put money into to save for future medical expenses.

What are the Advantages of an HSA?

• Savings – You can save the money in your account for future medical expenses and grow your account through investment earnings.
• Control – You make all the decisions about:
  How much money to put into the account.
  Whether to save the account for future expenses or pay current medical expenses.
  Which medical expenses to pay from the account.
• Portability – Accounts are completely portable, meaning you can keep your HSA even if you change jobs, change medical coverage, or move.
• Tax Savings – An HSA can provide you triple tax savings (subject to qualifications):
  Tax deductions when you contribute to your account.
  Tax-free earnings through investment.
  Tax-free withdrawals for qualified medical expenses.
• Employee Benefit – As part of a business’s insurance package, an HSA affords current and prospective employees an attractive, tax-free method of saving while still receiving traditional medical coverage.

Guaranty Bank HSA Account Features:

• No set up cost or annual fees
• Free Visa HSA Check Card
• Competitive interest rate
• Unlimited withdrawals
• Monthly Account Statement
• IRS reporting
• Internet Banking access to review account balances

Contact a Personal Banking Representative for more information on this innovative product at 417-520-4333.