• Tiered Interest: $0-$999.99
    $10,000 & above
    Debit MasterCard®: Free
    Service Charge: $3.00 per month
    *$1.50 per month if customer has an LCNB Checking Account
    Statements: E-Z Statement : Free
    Paper Statement $3.00
    Minimum Balance: $0
    Set Up Fee: $0
    Withdrawals: Free
    Opening Deposit: $50.00

    A Health Savings Account (HSA) is a tax-favored trust or custodial account established exclusively for the purpose of paying qualified medical expenses of you, your spouse and your dependents.

    You are eligible to open an HSA Checking account if you:

    1. Are currently covered under a high-deductible health plan (HDHP).
    2. Are not also covered by any other health plan that is not an HDHP*.
    3. Are not enrolled in Medicare.
    4. Cannot be claimed as a dependent on another person’s tax return.
    • *with certain exceptions for plans providing preventive care and limited types of permitted insurance and permitted coverage
    • A health plan qualifies as a High Deductible Health Plan if the annual minimum deductible is at least $1,300 for single coverage or $2,600 for family coverage and the maximum out-of-pocket limit is $6,550 for single coverage and $13,100 for family coverage for 2016. For 2017, the minimum deductible is $1,300 and the maximum out-of-pocket limit is $6,550 for single coverage. For family coverage the minimum deductible is $2,600 and the maximum out-of-pocket limit is $13,100. These figures are subject to be adjusted by the IRS for inflation each year.

      For tax year 2016, contributions are limited to $3,350 for single coverage and $6,650 for family coverage. For tax year 2017, the contribution limit for single coverage is $3,400 and $6,750 for family coverage. A catch-up contribution of $1,000 is available to persons age 55 and older. The contribution limits are adjusted for inflation each year. Contributions may be made for the prior tax year until April 15.

      You can make no further contributions after age 65; however, the account may remain open to pay for qualified medical expenses.

      Effective January 1, 2011, it will no longer be permissible to use the HSA to pay for over the counter medications and other non-prescription drugs without a prescription. Medical expenses qualified or non-qualified are explained in IRS Pub. 502. You can find this publication online at www.irs.ustreas.gov.

      HSA distributions used for non-qualified medical expenses are subject to ordinary income tax and, if taken before age 65 is 20% IRS penalty tax. (unless the distribution is because of death or disability).

      Notes and Disclosures

Who we are

Today LCNB National Bank is your Hometown Lender for home improvement loans, home equity loan options, personal, and business or mortgage loans as well as a safe and stable bank for deposit, investment and trust services.

Where we are

LCNB National Bank is based in Lebanon, Ohio and has branches serving 9 counties including Butler, Clermont, Clinton, Fayette, Hamilton, Montgomery, Preble, Ross, & Warren. We truly are "Your Bank for Life!"

Copyright ©2014 LCNB National Bank ~ all rights reserved.

Equal Housing Lender FDIC

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Serving Greater Cincinnati, Chillicothe, & Dayton | LCNB National Bank - 1-800-344-BANK - 2 North Broadway Lebanon, Ohio 45036