Take charge of your health care with a Health Savings Account from Farmers Savings Bank.
A Health Savings Account (HSA) in conjunction with a high-deductible health plan (HDHP) is a new way to lower your health care costs. It's a tax-advantaged account that can be used to pay for day-to-day eligible medical expenses. Your HSA is also an excellent way to save for retirement as the money in your account continues to grow tax-free, year after year.
Reasons to open a Health Savings Account today:
- Freedom of choice over your health care decisions
- Long-term savings
- Tax savings
- Interest earnings
- Stays with you - fully portable
Your HSA is a savings account that works similar to a regular checking account. You can write up to 6 checks a month to pay for qualified medical expenses. Statements can be mailed or viewed online, and you'll receive year-end reporting for tax purposes. Your account features:
- No Minimum Balance
- Free Internet Banking
- Monthly e-Statements
- Earn Interest
- Year-End Reporting
*You may only make six transfers from this account each statement cycle, including checks, payments to third parties or preauthorized automatic transfers, telephone transfers, and transfers via online banking or telephone banking.
To open your Health Savings Account, contact us today.
If you have questions, please visit our Help Center, or contact us for assistance.