Medical issues can often be unexpected and expensive. A Health Savings Account is a great option so you’re prepared. It’s a way to save for expenses, tax-free. The money can be used to pay for items insurance doesn’t cover or toward a deductible. Vision, dental and over the counter medications are all qualifying expenses. An individual or employer can contribute to the Health Savings Account and ultimately YOU can decide how much to save per year. The account also earns interest!
To qualify for an HSA, you must have a High Deductible Health Plan. This account is controlled entirely by you and expenses roll over from year to year. Minnesota National Bank plans offer the option for a debit card and check book. You can also pay with your money and reimburse yourself later.
Click here for more information or call any Minnesota National Bank office to learn more. We’re here to help you find the best ways to save!