Health Savings
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Safeguard your family’s health with this federally approved, tax exempt account. It is designed to pay for medical expenses with a qualified high-deductible health care plan. Contributions may be tax deductible, and can be made by an individual or by an employer. Ask us for more information about this indispensable account.
Highlights
- Make health care affordable for you and your family
- Pay for medical expenses easily via debit card
- No monthly service fee or annual account fee
- $50 Minimum Opening Deposit
- Interest earned grows tax-free
- Contributions may be tax deductible
- Withdrawals for qualified medical expenses are tax deductible
- Unused funds and interest are carried over, without limit, from year-to-year
- The funds can be transferred due to a plan change or retirement and are not forfeited for nonuse
- FDIC insurance coverage up to the maximum amount permitted by law
