Health Savings Accounts

Health Savings Accounts


The rising cost of health care is enough to make anyone feel ill.

We can help you relax with a tax-friendly personal health savings account or "HSA". It’s a health plan that makes it easy for you to save for out-of-pocket health care 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 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, offering peace of mind

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 Online Banking