My Health Savings Account Schedule of Fees

MyHealthSavingsAcct provides professional high quality Health Savings Account administration through relationships with FDIC insured Banks who offer interest on deposits and investment options in mutual funds. For information on investment options contact Willis Insurance, Inc. at 1-270-753-8485.

Schedule of Fees:

One Time Set Up Fee:	$ 25.00
Monthly Maintenance Fee	$ 2.25
Minimum Deposit Requirement:	$ 50.00
Minimum Balance Requirement:	$ 100.00
Termination Fee:	$ 20.00

* Fees are not refundable. Be sure you have a qualified High Deductible Health Plan in effect before
submitting your Health Savings Account Application.

Bank Fees

$2.25 Monthly Service Charge (Monthly Service Charge is waived if account balance during the month does not drop below $3000).

Other charges may apply based on use. (See your bank service agreement)

Tips for using your checkbook, EFT or MasterCard Debit Card

Use your debit card to pay for health care expenses at the time of service

Use your debit card at an ATM to withdrawal funds needed for your medical expenses

Pay medical expenses out of your regular checking account and reimburse yourself at the end of the month with your HAS Bank checks

Remember to always keep receipts for your Tax Records

1. TAX SAVINGS

Federally Qualified HSA contributions can be deducted from your gross income on your federal tax return, even if you do not itemize deductions.

Many states also allow the deduction from state income taxes.

2. TAX DEFERRED INTEREST & EARNINGS

Funds left to accumulate in your HSA can grow with tax deferred interest and earnings.

3. REDUCED INSURANCE PREMIUMS

Your insurance premiums are usually lowered by 20%-40% when you change from a low deductible to a high-deductible plan.

You can use these savings to fund your HSA.

4. PORTABILITY

Even if you change jobs, your HSA funds go with you.

You own your account.

5. LONG-TERM SAVINGS

You can choose to let the funds in your account grow tax-deferred.

After age 65, you may make withdrawals from your HSA for any reason without a penalty.