The rising cost of health care is enough to make anyone feel ill.
We can help you relax with a tax-friendly health savings account, or HSA. It’s a health plan that makes it easy for you to save for out-of-pocket healthcare expenses if you’re currently participating in a qualified, high deductible insurance plan.
There are many benefits to an HSA:
- No income limits
- Tax deductible contributions
- Tax free withdrawals for qualified medical expenses
- Balances carry over to the next calendar year
Take charge of your health care with a Health Savings Account from Bank Mutual.
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 works just like a regular checking account. You can either write a check or use your debit card to pay for qualified medical expenses. Statements can be mailed or viewed online.
Your account features:
- $100 Minimum to open
- Debit Card
- Free Internet Banking
To learn more about Health Savings Accounts and what they can do for you, check out the quick video in our Education Center.
