HEALTH SAVINGS ACCOUNTS
Health Savings Accounts (HSAs). were created by Congress to combat rising medical costs by providing an incentive for more consumers to pay “first-dollar” medical expenses.
HSAs are available to individuals covered by a high deductible health plan (HDHP) regardless of whether they are self employed or employed by a small employer, and regardless of whether their employer maintains the HDHP.
HSAs can provide significant tax benefits. Not only can they provide tax benefits related to paying qualified medical expenses, they may also serve as additional income for retirement.
To learn more about how to take advantage of the many HSA benefits, ask one of our Personal Bankers for more details. Call Midwest Community Bank toll-free at 844-494-4655.
Health Savings Accounts (HSA) NOW Checking
- Earns competitive, variable interest rate
- No monthly fee
- No minimum balance
- Health Savings Debit Card
- Online banking
- Online bill pay
- Online check imaging