Health Savings Account Disclosure

1st Financial makes available the HSA account as a custodian only. This account is intended to qualify as a Health Savings Account as set forth in Internal Revenue Code Section 223. However, the account beneficiary that established the HSA is solely responsible for ensuring that he/she satisfies the HSA account eligibility requirements set forth in Section 223. If an individual/employee established a HSA and he/she is not otherwise eligible he/she will be subject to adverse tax consequences. In addition, an employer who makes contributions to an HSA of an ineligible individual may also be subject to adverse tax consequences.

This information is not intended as tax advice, please consult a tax professional.

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