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Health Savings
Account
Our History
Security National Bank of Omaha opened its doors for business in
September 1964. Today, we have locations throughout the Omaha
metropolitan area with an extensive ATM network. Over the years
we’ve added services to further help our clients reach their
goals such as; an independent investment company, a mortgage
division, a private banking division, an Internet banking center
and in 2004 a new trust division. We take pride on being Omaha’s
community bank and the relationships we have established
throughout the years. Security National Bank truly is
Serving The Community We Call Home.
What is a Health Savings Account (HSA)?
A HSA offers a way to set aside funds to pay for today and
tomorrow’s medical expenses. HSA’s are the latest product in
affordable healthcare. They combine a qualified high deductible
plan with a Health Savings Account. The qualified high
deductible plan covers catastrophic illness and injury, while
the Health Savings Account covers routine expenses until the
deductible is met.
In addition, HSA's provide you with tax savings. Annual
contributions reduce your taxable income and your qualified
medical expenses are never taxed. The money you set aside in
your HSA grows tax-deferred until age 65, when funds can be
withdrawn for any non-medical purpose (ordinary tax applies), or
tax-free when used for medical care. For tax related questions,
please refer to government regulations at
www.irs.gov.
Earn Interest
Security National Bank offers a tiered, money market interest
rate structure for HSA accounts.
(See
Rates)
Convenience
Security National Bank offers the convenience of a Visa debit
card, which makes paying for your healthcare needs quick and
easy. Simply present your SNB HSAVisa debit card for payment to
any healthcare provider who accepts Visa. The costs associated
with these healthcare services will be automatically deducted
from your SNB Health Savings Account. Or you may purchase checks
specifically set up to access for your Health Savings Account
from us for a nominal fee.
Account Access
We recognize the importance of convenient and reliable account
information. At www.snbconnect.com you’ll find all your account
information. You’ll be able to verify balances and activity,
print your statement and paid checks anytime – all at no cost to
you!
With Tellie, our free 24-hour automated telephone banking
service, you can verify your account balance or other activity
any time. Just call 402-344-7301.
Peace of Mind
As an FDIC insured financial institution, the money in your
Health Savings Account is safe and secure at Security National
Bank of Omaha up to $100,000.
How to apply
Just follow a few simple steps and you’re on your way to more
affordable healthcare.
- 1) Obtain a qualified high deductible plan
With a qualified high deductible plan in-force, employees are
eligible to establish a Health Savings Account. If your employer
is looking for affordable healthcare coverage, a HSA can be
coupled with any qualified high deductible plan.
- 2) Complete all Security National Bank forms
Your insurance agent or broker can provide your employer with
the forms needed to apply for a Health Savings Account with
Security National Bank. You must complete the Health Savings
Account Application and Eligibility Form and the Designation of
Beneficiary Form. Your employer may elect to complete the
Employer Contribution Form if making contributions to your
account for you or if they are sending contributions through
payroll deduction.
- 3) Submit all Security National Bank forms to your insurance
agent
Submit all completed applications, eligibility forms and checks
to your insurance agent, who will forward this information
directly to the bank. Your check, made payable to Security
National Bank, should cover your initial deposit and one-time
account set-up fee. If you prefer to use paper checks instead of
a personalized debit card provided with your account, then your
personal check should also include the cost of checks.
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