New England Bank offers both INDIVIDUAL & FAMILY HEALTH SAVINGS Accounts for those individuals who want to save for current and future medical expenses while enrolled in a high deductible health plan.

A Health Savings Account (HSA) is a tax-exempt account, established exclusively for the purpose of paying for:

• Qualified medical expenses
• Qualified preventative care
• Qualified long-term care insurance
• COBRA continuation
• Health insurance in effect while receiving unemployment compensation under any federal or state law
• Any health insurance other than a Medicare Supplemental policy if you are 65 years of age or older.