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Austin Bank now offers Health Savings Accounts. The Health Savings Account (HSA) is designed to help Americans save for qualified medical expenses on a tax-free basis. The HSA is set-up as a tax-exempt trust or custodial account exclusively for the purpose of paying qualified medical expenses of individuals and families. Consumers are eligible for a HSA if covered by a high-deductible health insurance plan, not covered by other health insurance, not eligible for Medicare, and not claimed as a dependent on someone else’s tax return. “Austin Bank is one of the few financial institutions in our market area to offer Health Savings Accounts at this time,” said Jeff Austin III, Vice Chairman of the Board. “We are pleased to be able to offer the latest health care savings program that will give consumers and employers more choices in meeting their health care needs.” Contributions to a HSA are tax deductible and money not spent at year-end earns interest tax-free and funds are available for later years’ use. “We suggest that you consult with your tax or legal professional for guidance,” Mr. Austin added, “to take full advantage of the benefits of this account.”Austin Bank, a 100 year-old community bank with headquarters in Jacksonville , Texas , has in excess of $740 million in assets with twenty-one offices in nine counties throughout East Texas .
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Austin Bank Corporate Headquarters • 200 E. Commerce
St. • Jacksonville, TX 75766 • 903-586-1526 • 800-644-9275 www.austinbank.com • Member FDIC |  Equal Housing Lender |