An HSA is a tax-exempt bank account used by individuals enrolled in a high deductible health plan to pay for current and future medical expenses. The Bancorp Bank is an industry leader serving over 100,000 HSA accounts and offers employers and employees various benefits from adopting an HSA program including lower health insurance premiums, tax savings, and investment opportunities. HSAs allow employees to own and control their accounts with tax benefits for contributions, earnings, and distributions that can be used to pay for qualified medical expenses now or saved for retirement.

1. WHAT IS A HEALTH SAVINGS ACCOUNT (HSA)?1
An HSA is a tax-exempt bank account used by an individual to pay for current and future medical expenses. Available to individuals
and families enrolled in a High Deductible Health Plan (HDHP), HSAs help both employers and their employees save money on the
cost of health care. As the price of medical care continues to rise, more employers are taking advantage of the many benefits of
adopting an HSA program, including lower health insurance premiums and tax savings.
ABOUT THE BANCORP BANK
The Bancorp Bank is a full-service, FDIC-insured commercial bank. Our Health Care Division is an industry leader serving more
than 100,000 HSA accounts. In addition, we are currently ranked in the Top Six of HSA Custodians according to a study by AIS Inc.
We have the experience, technology, and dedication to customer service to make it convenient and efficient for you to establish and
manage an HSA program.
HSA BENEFITS FOR EMPLOYERS
• Less Administrative Responsibility
• Reduced Premiums for Health Care
No employer liability or responsibility for an employee’s HSA
Potentially 10% to 40% savings
No claims administration or adjudication processes
Lower health care costs per employee
No cost to employer or employee for HSA program
• Vast Variety of Investment Opportunities2
• Employer Tax Advantages Self-directed investment options
More than 6,000 mutual funds and individual equities available
Employer contributions are excluded from company gross income
No withholding for income taxes or other employment taxes
Employer contributions to employee HSAs treated as coverage
for medical expenses
7.65% FICA savings for employer HSA contributions
HSA BENEFITS FOR EMPLOYEES
• Tax Savings • Prepare for Retirement
HSA contributions reduce taxable income for year even if deductions not itemized If over age 55 allowed to contribute an extra $1000 in 2009
Contributions to HSA are made with pre-tax dollars May build your account now and defer using it until retirement
Tax benefits for contributions, earnings and distributions
• Account Benefits or Features
• Employees Own and Control Their HSA No application or account set-up fees
All HSA money is fully vested Free full online account access to monitor savings and expenses
Unspent balances roll over each year 24/7 Customer Service
HSA stays with employee through employment changes Monthly Account Maintenance Fee Waiver
Accounts may grow through interest and investment earnings3 Waived for First 90 Days
Waived for Accounts with Balances over $2500
More than 6,000 investment options
Waived for Electronic Contributions Regardless of Balance
Maximum contribution for 2009 is $3,000 for an individual or $5,950 for a family
• Save Money on Medical Expenses4
Tax-free withdrawals to cover all qualified medical expenses
Many over-the-counter medical products eligible
Employee may shop for best prices and control health care decisions
Contact The Bancorp Bank Florida today!
Nicole Stockamp
Regional Sales Representative/Healthcare Division
The Bancorp Bank
3905 El Rey Road, Orlando, FL 32808
Cell: 239 206-6869 Fax: 302 791-5786
Nstockamp@thebancorp.com
Visit our website at www.TheBancorpFloridaHSA.com
1 The material presented here is not intended to serve as a substitute for tax advice from a qualified professional. Any person considering opening an HSA should consult a tax advisor first to
determine the tax consequences of doing so. It is the responsibility of the individual to determine eligibility for an HSA. 2 Investment Accounts are NOT FDIC Insured. Not Bank Guaranteed.
May Lose Value. Not a deposit. Not guaranteed by any federal government agency. The Bancorp Bank does not provide investment advice. 3 Interest paid on balances over $1.00. 4 Keep
receipts for tracking of health-related expenses. Monies not used for qualified expenses may be subject to taxes and a federal penalty.
Banking Services Provided by The Bancorp Bank