August 2011 Dear Valued Benefits Administrator, I am writing to tell ...

August 2011Dear Valued Benefits Administrator,I am writing to tell you about two fee changes The Bancorp Bank, an independent company, is makingthat will affect members who have Bancorp health savings accounts (HSAs). Beginning October 1, 2011,Bancorp will introduce a monthly fee for account holders who receive mailed paper statements.Additionally, beginning March 1, 2012, there will be a monthly fee applied for all active HSA accountholders who do not maintain a minimum balance. Bancorp will communicate the new paper statement andmonthly account fees with a letter to all active HSA account holders in mid August.MAILED PAPER STATEMENT FEETo encourage more account holders to take advantage of online statements, Bancorp will implement amonthly statement fee of $1.25 for mailed paper statements beginning October 1, 2011. Account holderswho continue to receive paper statements will begin seeing this charge on their October statements.Account holders can avoid the paper statement fee by electing to receive their statements online. Onlinestatements are a free, secure, and convenient way for account holders to access their account activity.To switch to online statements, account holders should log in to their account at www.mybancorphsa.comand click on My Account Statements. Account holders must sign up for online statements bySeptember 15, 2011, to avoid the $1.25 fee on the October statement. The last “free” paper statement willbe issued in September.MONTHLY ACCOUNT FEEAs is standard in the banking industry, Bancorp will introduce a monthly fee of $2.50 for all healthsavings account holders beginning March 1, 2012. Account holders do have two options for waiving thefee:• Maintain a balance of $2,500 during a statement cycle; or• Maintain a balance of $1,500 and have one electronic deposit credited to the account during thatstatement cycle.BANCORP HEALTH SAVINGS ACCOUNTSWe would like to remind you that there are many advantages for members who have an account withBancorp. By opening an HSA with Bancorp, account holders benefit from:• no application or account set up fees;• ability to earn interest with first deposit*;• free no-annual-fee Visa ® Check Card;• toll-free 24/7 customer service and online access;• ability to invest HSA funds through National Financial Services once balance reaches $2,500.To learn more, visit the Bancorp website at www.mybancorphsa.com.-over-

If you have any questions, please contact your AmeriHealth New Jersey account representative.Sincerely,Michael MunozVice President, Sales and Marketing*Interest paid on balances over $1.