HEALTH SAVINGS ACCOUNT (HSA)

A Telco Health Savings Account is designed to cover qualified medical expenses in a High Deductible Health Plan (HDHP).  Telco HSA's earn attractive dividends based on the account balance.

Benchmark rate based on current Kentucky Telco Regular Savings dividend rate PLUS index:
Average Quarterly Balance:

   $0 - $3,000                             15 basis points
   Balance of $3,001 or more      35 basis points

Telco HSA's also provide tax benefits as an incentive to save.  HSA contributions are tax deductible from federal income taxes up to the maximum amount allowed each year and withdrawals are free when used for qualified medical expenses.

Automatic transfers to sub accounts and loans are not allowed. This account is not accessible through MAX or ATM.