Pam Berbaum

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Pam Berbaum
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Champaign
Banking
Marine Bank
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Champaign
IL
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What is the benefit of a Health Savings Account?

If you are covered by a health insurance policy with a high deductible, then a health savings account (HSA) can help you save for medical expenses on a tax-free basis. To qualify, your insurance deductible for 2012 must be at least $1,200 for an individual or $2,400 for a family. Contributions to your HSA are tax deductible up to $3,100 for individuals, $6,250 for families, or more for individuals age 55 and up. A Marine Bank HSA does not require a minimum balance or any set-up or maintenance fees, and you can access your funds with an HSA debit card. See us for details!

 Is it safe to use my debit card for holiday shopping?

You should use the same precautions with your debit card as with any other sensitive financial documents. Make sure your PIN is difficult to guess (not a significant birth date or address). Do not carry a written record of your PIN with you. Never leave your purse or wallet unattended. Don’t allow your debit card to leave your sight – this is a common risk at restaurants where a server takes your card to a cash register that is behind the scenes. Consider using online banking to keep tabs on your bank transactions on a frequent basis.

 How can I make sure that my identity hasn’t been stolen?

You need to examine your bank, credit card and health insurance statements, and review your credit report frequently. In addition to ensuring that someone isn’t trying to get credit or insurance in your name, this review can also catch any errors in your personal financial data. Marine Bank’s Vault Checking safeguards your identity with sophisticated technology that patrols the Internet spaces where thieves operate. Vault Checking also offers a monthly credit report combining the information from all three credit repositories, including your credit scores, and provides up to $2,500 in identity theft insurance.

Pam Berbaum
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Pam Berbaum
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