HSA Checking

HSA Checking

Protect what money can't replace.

If you're covered under a high-deductible health plan, an HSA can help lessen the burden of your medical expenses.

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Why HSA Checking?

If you're covered under a high-deductible health plan, an HSA can cover the expenses before your deductible is met. An HSA account offers tax advantages when you use it to pay for qualified medical expenses, allowing you to keep more money in your pocket.


  • No minimum balance
  • $3 per month or $1.50 if customer has an open LCNB Checking Account
  • $50 minimum deposit to open
  • Unlimited withdrawals
  • Tiered interest rates
  • FDIC Insured
  • $2 Cost per transaction for use of non-LCNB ATMsa
  • Electronic Banking services:
    • Free online banking with bill pay
    • Free mobile banking (with mobile deposit)
    • Free LCNB National Bank Debit Mastercard®
    • And more!

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

  • Are currently covered under a high-deductible health plan (HDHP)
  • Are not covered by any other health plan (with limited exceptions*)
  • Are not enrolled in Medicare
  • Cannot be claimed as a dependent on another person’s tax return
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For calendar year 2022, a “high deductible health plan” is defined under § 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,400 for self-only coverage or $2,800 for family coverage, and the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $7,050 for self-only coverage or $14,100 for family coverage.                       

For 2022, the minimum deductible is $1,400 and the maximum out-of-pocket limit is $7,000 for single coverage. For family coverage the minimum deductible is $2,800 and the maximum out-of-pocket limit is $7,050 for self-only coverage or $14,100 for family coverage. These figures are subject to be adjusted by the IRS for inflation each year.

For tax year 2021, contributions are limited to $3,600 for single coverage and $7,200 for family coverage. For tax year 2022, the contribution limit for single coverage is $3,650 and $7,300 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 18,2022. Publication 969, Health Savings Accounts and other Tax-Favored Health Plans.

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

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).

View Notes and Disclosures Here

Health Savings Accounts

Learn about the eligibility requirements, benefits, risks, and uses of Health Savings Accounts.


LCNB National Bank (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services.

Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.